#ADIA to Hire as Fund Boosts Active Investments to More Than 50% - Bloomberg

ADIA to Hire as Fund Boosts Active Investments to More Than 50% - Bloomberg:

In a world of diminishing returns, Abu Dhabi’s top sovereign wealth fund is hiring as it boosts active management of its estimated $697 billion portfolio.

Abu Dhabi Investment Authority plans to "add a number of new positions, mostly within investment and research-focused roles" in its fixed income and treasury department this year, according to its annual report. The fund’s 20-year annual rate of return fell to 5.4% from 6.5% a year earlier.

The fixed income and treasury department “has begun scaling up its active investing, with a view to going fully active in coming years, compared with around 40% currently,” Managing Director Sheikh Hamed bin Zayed Al Nahyan said in the report. The fund raised the portion of actively managed investments to 55% of its portfolio in 2018, up from 50% the previous year.