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Tuesday, December 04, 2007

Abu Dhabi Investment Authority

Abu Dhabi Investment Authority ( ADIC ) was established on 24th Feb 1977 by Sheikh Zayed bin Sultan Al Nahayan, the founder of the United Arab Emirates.

The goal was to form a Government backed investment company, which would have public ownership restricted to local citizens, sharing the wealth from the company's investments while reducing risk to the citizens. As a subsidiary of the Abu Dhabi Investment Authority, (ADIA - ADIC had a significant advantage in accessing investment opportunities world wide. Back in 1977 this was an extremely far - sighted measure by the then Sheikh of Abu Dhabi.

[ADIA is Uniqe in the world in several ways]-Shimron

  • One, it manages the emirate’s excess oil reserves, estimated to be as much as $875 billion. Its portfolio grows at an annual rate of about 10% compounded.
    As such ADIA is the world’s second biggest institutional investor, behind only the Bank of Japan, according to the Oxford Business Group.
  • Its pulling power is immense. According to a former HSBC banker, it is one of the few organizations Stephen Green, or his predecessor as chairman of HSBC, John Bond, will drop everything to go and see. They will not be the only senior bankers and corporate executives prepared to do this. [Euromoney 2006: cited below]
  • But what makes ADIA so interesting is the veil of secrecy that shrouds its activities. Abu Dhabi Investment Authority is one of the world’s biggest institutional investors. It is also one of the most guarded.
  • It publishes no numbers. In the 30 years since it was established, it has never publicly declared the amount of assets it has under management. Its website lists just its contact details; nothing more. It seldom makes any public statements. However, the Abu Dhabi Investment Authority has an influence in the markets that few investors can match. It has unrivalled access to the best strategists and advisers

The Rest @ Wikipedia

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