Abu Dhabi’s largest sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA), has reached out to the German public in an apparent effort to distinguish itself from other Gulf funds that have been buying major stakes in the country’s car makers.
The leading German business daily, Handelsblatt, published a rare interview yesterday with Sheikh Ahmed bin Zayed, the managing director of ADIA, in which he reiterated the fund’s policy of avoiding active management of the companies in which it invests.
“Our investment strategy is designed to produce steady returns over many years through diversification, rather than by building concentrations of risk through a few large transactions,” Sheikh Ahmed said.
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