Abu Dhabi Fund to Woo Asian Investors to Middle East, Africa

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Invest AD, the fund manager owned by Abu Dhabi Investment Council, is in talks to form partnerships with institutions in China and Southeast Asia as it seeks to attract investors to the Middle East and Africa.

The Abu Dhabi-based fund manager is looking to team up with asset managers including units of “large banks,” and “quasi sovereign and sovereign names” that also offer it access to investment opportunities in Asia, Mohammed Al Hashemi, chief executive officer of Invest AD’s investment management division, said in an interview.

“Many investment institutions have had a great deal of interest in the Middle East and Africa, and specifically the African continent; the asset prices there are cheaper than other zones around the world,” Al Hashemi said in Singapore today. “At the same time we are equally looking to Southeast Asia, China, the investment opportunities there.”