Korea and Abu Dhabi funds signal future co-investments
The South Korean Government has teamed with Abu Dhabi’s largest sovereign wealth fund, the $627 billion Abu Dhabi Investment Authority (ADIA), to jointly pursue future investment opportunities.
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ADIA looks to GM for economist
The Abu Dhabi Investment Authority has hired General Motors’ chief economist and director of global economic and industry analysis, Ted Chu, as its chief economist.
…as Gulf funds buoyant on BP
Sovereign Wealth Funds (SWFs) from the Gulf swooped in to buy stakes in troubled financial institutions during the financial crisis – now there is speculation they are sizing up stakes in BP as the oil giant seeks to raise capital following the Deepwater Horizon disaster. Investors from the Middle East were running a ruler over
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