| From Institutionalinvestor.com: One of the more-secretive sovereign wealth funds, ADIA has never confirmed the amount of its assets under management.
ADIA was one of the first SWFs to run to Wall Street’s rescue, partly to its regret. The fund paid $7.5 billion for a 4.9 percent stake in Citigroup in November 2007, only to see Citi’s value plunge. Last year, ADIA filed an abitration claim seeking more than $4 billion in damages, alleging that Citi misrepresented its health..............................................Full Article: Source
|