Connect with us

ADIA Releases 2010 Annual Review

The Abu Dhabi Investment Authority (ADIA) has released their 2010 annual review. Some interesting notes about ADIA include that around 80% of assets are managed by external managers. An estimated 60% of assets are invested using index-replicating strategies.

ADIA also prefers to use separate accounts or in the UK, segregated accounts.

The report also gives details about the structural changes and procedures Sheikh Ahmed bin Zayed Al Nehayan implemented such as in asset allocation and risk management. According to the annual review, no more than 45% may be invested in developed equities.

Their asset allocation range into private equity is between 2 to 8% and 5 to 10% in real estate.

A range of 60 to 85% is targeted to invest in North America and Europe.

From 12/31/2010

  • Annualized 20 Year Rate of Return = 7.6%
  • Annualized 30 Year Rate of Return = 8.1%
  • Link: ADIA Reports

    SouthGobi’s CEO Arrested, CIC Struggles with Investment

    The China Investment Corporation (CIC) has long struggled with its investments in coal assets, specifically in globally-listed coal miner SouthGobi Resources Ltd, which operates its flagship coal mine in Mongolia. In November 2009, CIC and SouthGobi Resources inked a convertible debenture deal. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

    Continue Reading

    Qatar Central Bank Deals with MSCI

    MSCI, a stock index company whose benchmarks influence investor behavior, has tremendous indirect power impacting the stock markets of smaller economies. In 1988, MSCI released its emerging markets index, a now-widely-used benchmark for many institutional investors wanting access to growth markets. China and South Korea make up the majority of the benchmark, but smaller economies such as Poland, Chile and even Qatar make up other pieces of it.

    [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

    Continue Reading

    bcIMC Buys into Bottling Business with PAI in €1.623 Billion Takeover of Refresco

    Dutch soft-drink bottler Refresco Group N.V. has agreed to a buyout offer for all 81.2 million of its shares from French private equity firm PAI Partners SAS (PAI) and Canadian pension manager British Columbia Investment Management Corporation (bcIMC) in exchange for €20 in cash per ordinary share for a total consideration of €1.623 billion. Refresco’s major shareholders, which includes 3i Group, and shareholding members of its boards, who represent 26.5% of outstanding shares, have said they stand behind the deal.

    Refresco’s board rejected an initial offer from PAI in April 2017 of €1.4 billion, which they felt did not adequately capture the value added by their plans to bolster its presence in North America through the acquisition of Canadian bottler Cott TB, a deal that went through in July for US$ 1.25 billion.

    [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

    Continue Reading


    © 2008-2017 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.