06.11.2012 - Abu Dhabi loses its world’s biggest SWF crown
Norway’s Government Pension Fund Global has beaten the emirate to the top spot with assets worth $656.2 billion. The Abu Dhabi Investment Authority (ADIA) is no longer the richest sovereign wealth fund in the world, according to the latest rankings issued by the Sovereign Wealth Fund Institute (SWFI). With assets of $656.2 billion, the Norwegian Government Pension Fund has overtaken ADIA, which is estimated to have assets worth $627 billion. China’s State Administration of Foreign Exchange (SAFE) continues to remain third on the list with assets worth around $567.9 billion while Saudi Arabia’s also maintained its fourth spot with approximately $532.8 billion...............................................Full Article: Source
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