Kuwait's government employee pension fund said on Thursday that its income rose more than eight percent in the fourth quarter of 2010 from a year earlier.

Total investments at the government-owned Public Institution for Social Security reached 15.9 billion dinars ($58 billion).   

The pension securing institution owns stakes in various inlisted sectors which include Global Investment House, Burgan Bank, Kuwait Finance House, Investment Dar, Al-Ahli Bank of Kuwait and Ahli United Bank.

The fund's director general Fahad Al-Rajaan admitted there were losses, according to a report by state agency Kuna, but that they did not impact existing capital. - Reuters