| Abu Dhabi Investment Authority (ADIA) has been knocked off the top spot as the world’s richest sovereign wealth fund by Norway’s Government Pension Fund, according to the most recent estimate by the Sovereign Wealth Fund Institute.
ADIA, whose assets range from Citigroup bonds to a stake in London’s Gatwick Airport, is thought to hold US$627bn assets under management as of October, US$29.2bn less than the Norway-based fund. Norway’s Government Pension Fund was ranked the world’s largest fund with US$656.2bn of assets under management in the most recent update by the independent group...............................................Full Article: Source
|