The logo of Russian state oil company Rosneft is pictured behind a pipe at the Samotlor oil field outside the of Nizhnevartovsk, Russia, January 26, 2016. REUTERS/Sergei Karpukhin
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One of the world's biggest buyers of trophy assets is becoming a seller.The Qatar Investment Authority, which has reduced its direct holdings in Credit Suisse Group AG, Rosneft PJSC and Tiffany & Co. in recent months, is considering selling more of its $320 billion of assets, which includes stakes in Glencore PLC and Barclays PLC, and channeling the proceeds into its home market, according to people familiar with the matter.The QIA last year saw its biggest overhaul since 2014, grouping $100 billion of investments in local companies into a new unit and abandoning the Qatar Holding name synonymous with its highest-profile deals, people with knowledge of the matter said at the time.The QIA plans to spend most of what remains of its $45 billion investment target on U.S. assets as it seeks diversification, Chief Executive Officer Sheikh Abdullah bin Mohammed bin Saud al-Thani said last month.
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