Monday 11 January 2010

Abu Dhabi Fund Sees 'Substantial' Risks to Global Economy

Abu Dhabi Investment Authority (Adia), considered the world's largest sovereign wealth fund, still sees big risks to the global economy and plans to refine its investment approach to cope with downturns.

In an interview published in German business daily Handelsblatt on Monday, Sheikh Ahmed bin Zayed al Nahayan, Adia's managing director, also said U.S. treasuries were still the most liquid benchmark, and will remain an important diversification tool.

The sovereign wealth fund, believed to have assets around $500-$700 billion, rarely details its investment strategy or investments.

No comments:

Post a Comment