what is the qatar investment authority qia 
the qatar investment authority qia is a government owned entity charged with managing the sovereign wealth fund swf of qatar qia s mission is to invest manage and grow qatar s reserves in order to support the development of qatar s economy though qatar s population is relatively small its sovereign wealth fund is among the largest in the world and it has among the world s lowest unemployment understanding the qatar investment authority qia the qatar investment authority was established in 2005 and is based in doha qatar qia strives to invest and manage funds assigned to it by the supreme council for economic affairs and investment sceai 1 the qia is owned by the government of qatar but reports to the sceai additionally it is managed by a board of directors qatar s state audit bureau is responsible for auditing the financial operations of the qia the qia does not have any mandated limitations on its investment universe and is able to invest in both domestic and foreign marketable securities real property real estate alternative assets private equity funds and credit and fixed income securities 1 the qia also employs derivatives in its investment strategy most of qia s investments are outside of qatar the qia states that it is guided by five principal values integrity mission focus entrepreneurialism excellence and respect for people the authority follows a strict four stage approach to each investment which is broken down into origination evaluation execution and active portfolio management the qia also claims that risk management is at the core of its investment strategy qia s investment strategyqia s portfolio managers employ a patient approach with long time horizons 2 the fund uses a 4 step process to choose investments origination is the term the qia uses to find potential investments often leveraging co investors such as global banks or other sovereign wealth funds evaluation is the next step where due diligence is employed execution involves entering the investment at the best available prices and without moving markets active management is the fourth step where positions are re evaluated and changes can be made including disposing of the position 3in 2020 the qia introduced a more formal top down portfolio asset allocation process to guide the medium and long term evolution of its portfolio qia s reference portfolio is designed to meet the long term return objectives subject to risk and liquidity limits set by the board the reference portfolio is then used to develop annual and medium term investment plans for each investment team 2qia actively trades its portfolio but are not activist towards invested companies the qia makes direct investments in projects related to real estate infrastructure financial institutions industry and investment funds it also invests in publicly traded securities including global equities fixed income and alternative investments as of mid 2022 qia s holdings were estimated to be around 360 billion down from a record 450 billion reached earlier in 2022 4history of the qiawho owns the qatar investment authority the qia is owned by the national government of the state of qatar it is run by a ceo and board of governors 