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Monday, March 15, 2010 Information on ADIA - Abu Dhabi Investment Authority
Ever thought you relied on wikipedia too much? Well, all the "facts" on ADIA used to remain there. That has now moved on with a swanky new website, a review of 2009 and some more info on how ADIA runs. There's not too much detail on actual investments, but it's the first step in a move for more transparency. As the largest sovereign wealth fund in the world, it doesn't have to, but this is a welcome step to reach out to the world. What this step does is move away from the jealousy pedestal and create an authority organisation whose view will be listened to. After all, you probably have some of the smartest people in the world working here, 1200 of them. Worryingly, 2010 is not looking great: ABU DHABI (Reuters) - Abu Dhabi Investment Authority (ADIA), considered the world's largest sovereign wealth fund, said the global economy still faces "considerable uncertainty," in its first annual review aimed at enhancing transparency. The fund, believed to have assets of around $500 billion to $700 billion, said the sustainability of a global economic recovery was uncertain as governments were considering rollbacks of stimulus measures. "Indeed, the timing and nature of exit strategies, will probably dominate the economic debate and outlook for quite some time," Sheikh Ahmed bin Zayed al-Nahayan, ADIA's managing director, said in the 2009 review, adding: " ... considerable uncertainty remains about the outlook for 2010." Economic recovery may be slower in developed markets, with higher interest rates and taxes hampering growth, Sheikh Ahmed wrote in a letter published in the first annual review. Abu Dhabi SWF Sees More Global "Uncertainty" in 2010 ADIA Abu Dhabi sovereign wealth fund starts to open up Biggest Sovereign Wealth Funds in 2010 We're not that rich Labels: adia
posted by grapeshisha at 10:06 PM
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