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ZRICH, Switzerland/DUBAI, United Arab Emirates (Reuters) - The Abu Dhabi Investment Authority, among the world's largest sovereign wealth funds, is ramping up its private equity activities after a relatively subdued period over the past two years, sources familiar with the fund's plans said.
Staffing within ADIA's private equity department will likely more than double from its current complement of around two dozen, sources said, although no specific allocation targets have been set.
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Appeal from an order dated January 6, 1999, entered in the United States District Court for the Southern District of New York (Wood, Judge), granting ...
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- Akhtar Hamid, on Behalf of Himself and all Others Similarly Situated, Plaintiffs-Appellants, v. Price Waterhouse, Price Waterhouse/U.K.; Price Waterhouse World Firm Ltd.; Price Waterhouse/U.S.; Ernst & Young; Abu Dhabi, Emirate of Abu Dhabi; Abu Dhabi Investment Authority; Bank of America Corporation, Bankamerica Corp.; Bank of America Nt & Sa; Hill & Knowlton; Concorde Finance & Investments, Grp Investments; Interredec, Inc.; Interredec Southern Co.; Et Al.; First American Corp., First American Bankshares; Paul Adams; Jack Beddow; A. Vincent Scoffone; T. Bertram Lance; Independence Bank; Manuel Noriega; Fulvio Dobrich; Robert Altman; Clark Clifford; Clifford & Warnke, Defendants-Appellees. Akhtar Hamid, on Behalf of Himself and all Others Similarly Situated, Plaintiffs-Appellees, v. Price Waterhouse, Price Waterhouse/U.K.; Price Waterhouse World Firm Ltd.; Price Waterhouse/U.S.; Ernst & Young; Abu Dhabi, Emirate of Abu Dhabi; Abu Dhabi Investment Authority; ..., 51 F.3d 1411 (9th Cir. 1995)
William S. Lerach (argued), and Kevin P. Roddy (on the briefs), Milberg, Weiss, Bershad, Spechthrie & Lerach, San Diego, CA, for plaintiffs-appellants...
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The financial crisis of 2007 has brought into sharper focus a set of rising global financial actors-the sovereign investors. In the form of sovereign wealth funds ("SWFs"), sovereigns have become an important player in the global financial market and its stability. Over the last decade, SWFs became more visible and more aggressive in the scope and form of their interventions in global finance. State-owned enterprises began to operate indirectly through subordinate legal persons that operate like privately held multinational corporations. In this new form, sovereigns are becoming a more significant presence in global markets, as owners as well as investors. More importantly, sovereign owners have begun to coordinate their economic activities for economic and sovereign goals. Consequently...
... excellent research on the Chinese Investment Corporation and its subsidiaries was invaluable. .... threatened the hierarchy of legal authority, at the top of which stood the state and its appar...Analysts estimates [sic] assets at the Abu Dhabi Investment Authority [("ADIA")] are worth around $...
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NEW YORK -- Citi announced today that it has reached an agreement to sell Equity Units, with mandatory conversion into common shares, in a private pla...
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Market observers over at McKinsey Global Investors, for example, recently boosted their predictions about future growth for the market's four New Power Brokers (NPBs): Asian governments, oil exporters, hedge funds, and private equity. Three NPBs-the central bank of China (with $1.5 trillion in foreign reserve assets), the Bank of Japan ($1 trillion), and the Abu Dhabi Investment Authority ($875 billion) -already rank among the top 10 global asset managers. 3B I Don't Know These days, merely culling the top-10 names off of the latest shareholder list could leave the host board short on RSVPs and long on potential party crashers. CDP is an independent not-for-profit group "aiming to create a lasting relationship between shareholders and corporations regarding the implications for shareh...
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NEW YORK Citigroup shares hit their lowest level in more than nine years, as stockholders recoiled at forecasts of more losses at the troubled bank and comments from a Middle East fund executive that Citi must raise more cash to stay in business.
Samir al-Ansari, chief executive of the $13 billion government- owned investment firm Dubai International Capital, said Tuesday at a private equity conference that it will take more than the combined efforts of the Gulf's wealthiest investors the Abu Dhabi Investment Authority, the Kuwait Investment Authority and Saudi Prince Alwaleed bin Talal to save Citigroup.
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Citigroup investment nets Wall St. bounce
NEW YORK - Wall Street rebounded Tuesday after the Abu Dhabi Investment Authority said it will invest $7.5 billion in Citigroup Inc. -a vote of confidence for the nation's largest bank, which has suffered severe losses amid the ongoing crisis in the mortgage market.
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... prominence of sovereign wealth funds--investment funds that are owned or controlled by national gov... levied on the Libyan Investment Authority, formerly operated by the government of Muammar al... authorities of Libya, Kuwait, Qatar and Abu Dhabi, as well as the State Oil Fund of the Republic of ...
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Abu Dhabi Investment Authority, the world's biggest sovereign wealth fund, has purchased an approximately 15% stake in London's Gatwick Airport, although it would not confirm the exact size of the holding or the price paid. Sovereign wealth funds have become major investors in global infrastructure, although the market is limited, since some countries do not allow foreign investments in what they consider to be strategic assets. In Dubai, Emaar Properties, which built the 200-story Burj Khalifa, the tallest building in the world is setting its sights on more modest edifices for future growth.