19.03.2010 - Opalesque Exclusive: ADIA invests 10pct of its estimated $425bln in assets in hedge funds and managed funds
From Komfie Manalo, Opalesque Asia: The Abu Dhabi Investment Authority (ADIA), one of the largest sovereign wealth funds in the world, has allocated as much as 10% of its estimated $425 in assets to hedge funds and managed funds, the firm said in its 2009 annual report. The report provided little details about the fund, but it also marks the first time that ADIA revealed some transparency over its portfolio. ADIA has long kept secret the size of its assets and gives very little information in its annual report, even as banks and other fund managers continue to try to find ways to gain allocations to manage portions of its multi-billion dollar portfolios......................................Full Article: Source