23.12.2008 - Abu Dhabi wealth fund denies direct Madoff exposure
From Bi-me.com: Abu Dhabi Investment Authority (ADIA), the world's largest sovereign wealth fund, said it had no direct investments in a firm managed by Bernard Madoff, according to local media reports on Monday. ADIA was denying a New York Times report which said the fund had "entrusted some US$400 million" in a firm of the US fund manager accused of running a US$50 billion fraud...... Full Article: Source
Print