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Sovereign Wealth Funds Briefing 09.Aug 2008

Posted on 09 August 2008 by admin |  Email |Print

From Gulf-Times.com: Abu Dhabi National Energy Co (Taqa) plans investments worth $60bn by 2012, a top company executive has said.
‘We aim to attract $60bn of investments by 2012, which means growth of 25% each year,’ Taqa’s chief executive officer, Peter Barker-Homek told a conference call.”

In a post on Thursday, Brad Setser suggested that Taqa may now perhaps be considered a sovereign wealth fund. And he quotes Wayne Arnold as writing in The National in July that, “There are at least eight Government-owned or Government-controlled institutions now investing sovereign funds on behalf of Abu Dhabi… Full article: Source

Posted on 09 August 2008 by admin |  Email |Print

From Reuters.com: Abu Dhabi Investment Authority (ADIA), the world’s largest sovereign wealth fund which has bought into Citigroup, is interested in buying a large stake in Daimler, the German Focus magazine reported… Full article: Source

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