28.06.2012 - Abu Dhabi sovereign wealth fund bets on emerging markets resilience
The Abu Dhabi Investment Authority ( ADIA) said in its 2011-review report published Monday that the fund has trust in the emerging markets' long-term growth story, despite negative spillover-effects from Western economies. "The distinction between the developed and emerging economies is fading faster than many had imagined," Hamed bin Zayed Al Nahyan, the Managing Director at ADIA, said in the fund's 2011 Annual Review. ADIA, which was founded in 1976 has stakes in gas fields in Norway, water companies in Britain as a well as in U.S. lender Citigroup, manages the wealth of the oil-rich emirate of Abu Dhabi...............................................Full Article: Source
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