A general view of the Harrods department store in London. Reuters
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Qatar Investment Authority, one of the world's most aggressive sovereign wealth funds, will set asset allocation targets for the first time and restructure internal decision-making, sources say, in response to a drop in oil prices that has crimped available funds as competition for assets grows.Now, however, as the global economy recovers, QIA faces competition from other funds again as it seeks to diversify its hydrocarbon-centric economy.QIA is already evaluating its investments in some mining assets, sources told Reuters last week.The review could also see tens of billions of dollars flow into new geographies to diversify a fund which in late-2013 was believed to be around 80 percent invested in European assets.Those funds are likely to flow in particular to sectors where QIA has a penchant such as financial services, real estate and consumer goods, said a second source, a senior Doha-based banker.
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