Qatar’s sovereign wealth fund, the Qatar Investment Authority, has raised its interest in US fine jewellery manufacturer Tiffany & Company (NYSE:TIF) by one percentage point to 8.7% at end-2012, a regulatory filing from Wednesday shows.
The investor first disclosed the size of its holding in the US company in April 2012, when its Tiffany stake stood at 5.2%. No financial details were provided.
Apart from jeweller, Tiffany, which is based in New York City, operates also as a speciality retailer. The company sells jewellery, timepieces, sterling silverware, china, crystal, stationery, fragrances and accessories.
Qatar’s sovereign wealth fund is an active investor in Europe and the US. The company has invested in British miner Xstrata and it firmly opposed the merger with London-listed rival Glencore.