gulfnews : A year of great change

The Abu Dhabi Investment Authority (ADIA), widely believed to be the world's largest sovereign wealth fund by assets under management, said in its annual review yesterday that at the end of last year, in US dollar terms, the 20-year and 30-year annualised rates of return for the Adia portfolio were 7.6 per cent and and 8.1 per cent, respectively.

This compares to 20-year and 30-year annual returns of 6.5 per cent and eight per cent respectively, at the end of 2009, said Adia.

"2010 was a year of great change. Externally, it will be remembered as a year when financial markets proved their resilience and generated positive returns against a backdrop of considerable uncertainty," Shaikh Hamed Bin Zayed Al Nahyan, Adia's managing director, said in the annual review.

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