| From Globalarabnetwork.com: As the global economy shows signs of recovery, the Middle East and North Africa sovereign wealth funds maintain prudent strategies. The decision in December 2009 by the Abu Dhabi Investment Authority (ADIA) to go to court in New York over its $7.5 billion investment in the US banking giant, Citigroup, reflects a newfound sense of mission, and a changing attitude toward risk, on the part of the world’s largest sovereign wealth fund (SWF).
It is one that is reflected, to varying degrees, among the other SWFs and government-related entities in Saudi Arabia, Kuwait, Qatar and other parts of the Gulf Cooperation Council (GCC) countries, which together account for more than half of the estimated $1.8 trillion to $2.5 trillion held in global SWF assets........................................Full Article: Source
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