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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Citigroup claim forces Abu Dhabi wealth fund into the limelight

Posted on 17 December 2009

From Thenational.ae: Nobody could ever accuse ADIA, the sovereign wealth fund of Abu Dhabi, of being an attention-seeker. Cautious, low-profile, even dull – yes to all of these. A show-boater – never.

So news that ADIA is to take on Citigroup, alleging that it was misled over a plan to buy US$7.5 billion (Dh27.54bn) of shares at a hugely inflated price, should tell us one thing above all: ADIA has done its homework and thinks it has pretty strong grounds for the claim………………………………..Full Article: Source

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