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Sovereign Wealth Funds Briefing - Categorized | Market, Performance

Dubai’s decline gives way to Abu Dhabi’s rise

Posted on 07 January 2010

From Cbsnews.com: Abu Dhabi has begun to look outward. It’s raised its profile internationally by hosting high-profile events such as the finale of the 2009 Formula 1 racing season and by using its estimated $1 trillion sovereign wealth fund on global shopping sprees.

Abu Dhabi’s various investment arms have in the past years purchased landmarks such as New York’s Chrysler Building, acquired significant stakes in companies like Mercedes-Benz and explored new frontiers by pouring money into commercial space travel startup Virgin Galactic…………………………………….Full Article: Source

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