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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Abu Dhabi wealth fund denies direct Madoff exposure

Posted on 23 December 2008

From Bi-me.com: Abu Dhabi Investment Authority (ADIA), the world’s largest sovereign wealth fund, said it had no direct investments in a firm managed by Bernard Madoff, according to local media reports on Monday.

ADIA was denying a New York Times report which said the fund had “entrusted some US$400 million” in a firm of the US fund manager accused of running a US$50 billion fraud…… Full Article: Source


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