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Sovereign Wealth Funds Briefing - Categorized | Performance

Abu Dhabi Investment plans to start four equity funds

Posted on 10 June 2009

From Bloomberg: Abu Dhabi Investment Co., a state- owned asset manager in the United Arab Emirates, will start four equity funds to invest in the Middle East and Africa as it seeks to attract more “third-party” money to the region.

The company, which mainly managed government money for three decades, has also re-branded itself as ‘Invest AD’ as it seeks to turn the oil-rich region from a “source of capital into a destination of capital,” Chief Executive Officer Nazem Fawwaz Al Kudsi told a news conference in Abu Dhabi today. …….Full Article: Source


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