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February 28, 2008

A Profile of Abu Dhabi's SWF

Abu Dhabi has about 9% of the world's oil and 0.02% of its population.  This means it has a lot of money to invest.  The Abu Dhabi Investment Authority (ADIA), the world's largest SWF, has about $650-700 billion in assets, about 15 times larger than the Magellan Fund.  About 65% of its assets ($450 billion) are invested in equities.  The New York Times profiles the publicity-shy ADIA, who controls it and its investment strategy.  NYTimes, Cash-Rich, Publicity-Shy, Abu Dhabi Fund Draws Scrutiny.

February 28, 2008 in News Stories | Permalink

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