10.11.2015 - London Office Closure Won't Impact UK Investment
Abu Dhabi Investment Authority, the world’s second largest wealth fund, is planning to close its office in London. The decision won’t impact the fund’s investments and commitment to the U.K., a spokesman for the fund said in e-mailed comments Monday. ADIA ranks second behind Norway as the largest such fund in the world at $773 billion, according to the Sovereign Wealth Fund Institute. ADIA itself doesn’t disclose assets under management. The fund has been investing the emirate’s oil wealth since 1976 and counts on external fund managers to manage about 65 percent of its assets.............................................Full Article: Source
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