Connect with us

ADIA Nets Positive Return for 2017

Published

on

The Abu Dhabi Investment Authority (ADIA) issued its 2017 results. ADIA’s 20-year return bumped up to 6.5% from 6.2% in 2016. Externally-managed assets dropped to 55% from 65% in 2014. 50% of the sovereign fund’s assets are managed by index-replicating strategies, including smart beta strategies. In the 2017 ADIA Review, the report states, “Trying to time markets is extremely difficult, and dangerous, for large and diversified global investors. A more practical approach is to view cycles as opportunities, and to prepare strategies that limit drawdowns and provide sufficient available capital to take advantage of lower asset prices when markets turn lower.”

ADIA’s external equities department has an active focus. The whole external equities department maintains a single global equities pool with a cadre of external fund managers.

Calendar Year Externally-Managed Internally-Managed
Dec 2017 55% 45%
Dec 2016 60% 40%
Dec 2015 60% 40%
Dec 2014 65% 35%

  

ADIA formed the Strategy and Planning Department (SPD), in a move to streamline the sovereign wealth fund’s organization, while reducing complexity, something other large asset owners such as CalPERS have been attempting to do since 2010. SPD is also working on a Risk-Return project to develop allocation of risk in investment departments.

Private Equity

ADIA also changed the organization of its private equity group as the fund wants to make more principal investments. ADIA switched from a buyout-growth-VC product structure to a sector based on five key sectors: Financial Services, Healthcare, Industrials, Technology and Consumer.

Rumors Swirl Around PIF Looking at Tesla Rivals

Published

on

Saudi Arabia’s Public Investment Fund (PIF) could be doubling down on electric automobile manufacturers. It was revealed that PIF has a sizeable stake in Tesla Inc. Elon Musk’s recent tweets have stirred up financial media and has even prompted an SEC probe.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

DLF-GIC to Kick in Rs 12.5 Billion for Midtown Project

Published

on

Indian real estate giant DLF, which has worked with Singapore’s GIC Private Limited in the past, is working on a new housing project in central Delhi dubbed Midtown. Large residential real estate projects in India’s capital are difficult to come by. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

QIA-Glencore Stake Valued at 7.4 Billion euros

Published

on

QHG Oil Ventures is selling a 14.2 % stake in Moscow-based Rosneft for €7.4 billion (US$ 8.4 billion) to the Qatar Investment Authority (QIA). This is according to a QHG financial statement. QHG Oil Ventures is a joint venture between the Qatar Investment Authority and Glencore, a Swiss-based, broad-spectrum mining and commodity company. QHG Oil Ventures was originally formed to invest in Rosneft. QHG purchased a 19.5 % stake in the company in 2016, in a deal that supplied Russia with needed funding at the time, and the estimated value of the investment has remained steady. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.