ADIA Reorganizes External Equities Team
25. Aug, 2011
Nearly 80% of ADIA’s assets are managed externally, with 60% invested in index-replicating strategies. The Abu Dhabi Investment Authority is reorganizing its external equities team. At the top, the department will be divided into two sections, indexed-fund strategies (beta) and active management (alpha). One of ADIA’s primary goals for the restructuring was to simplify how they manage relations with external equity fund managers based on strategy. Indexed fund managers are usually monitored on how close they track a particular index or benchmark. On the other side of the spectrum, active managers are usually monitored by their various strategies, holdings, and risk profile.[Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view site content.]
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