Thursday, February 28, 2008
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.