The Abu Dhabi Investment Authority has lost its crown as the world’s richest sovereign wealth fund to Norway, according to a ranking compiled by the Sovereign Wealth Fund Institute.
The Norwegian Government Pension Fund has $656 billion under management, that’s $29 billion more than ADIA. However the Abu Dhabi sovereign wealth fund for less than one million nationals is still bigger than the $533 million estimated for Saudi Arabia’s SAMA Foreign Holdings and the Kuwait Investment Authority whose asset base was severely hit by the Iraqi occupation.
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