ADIA Celebrates 40th Anniversary
The Abu Dhabi Investment Authority (ADIA) is celebrating its 40th anniversary since the wealth fund’s formation in March 1976. Before ADIA, there was the Financial Investments Board.
The wealth fund began as a small operation using shared office space near the current head office of the National Bank of Abu Dhabi (NBAD) to becoming one of the largest wealth fund investors. In ADIA’s early days, the sovereign investor focused on listed equities and bonds, being managed by external fund managers with oversight from ADIA’s internal investment team. Much has changed since then. According to a recent press release from ADIA, “Over the years, ADIA has made great strides toward developing its internal capabilities and increasing its internal flexibility to adapt to changing market conditions. We have clearly defined the organisation’s long-term objectives and enhanced the systems and processes that help us plan for the future.”
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