ADIA alternatives teams grow in strength

The Abu Dhabi Investment Authority (ADIA) says the creation of in-house teams has allowed it to broaden its portfolio of alternative assets.

The in-house initiatives include an Emerging Opportunities mandate, due to become active this year, to invest in asset types outside the remit of other departments.

“In infrastructure, meanwhile, ADIA continued to build its portfolio of assets in the renewable energy field with a significant investment in Greenko, a leading developer of wind, hydro and solar energy based in India and elsewhere, as well as adding to its portfolio in its other focus areas including energy more broadly, transport and utilities,” said Hamed Al Nahyan, managing director.

The revelations came in the fund’s annual report, which showed that the trend in recent years for the fund to “insource” money, by taking it back from external managers, has abated. The fund said 60% of its assets were managed by external managers last year, the same proportion as in 2015.

The fund also said that half its assets are invested in index-tracking strategies, the same proportion as in the previous year’s report.

©2017 funds global mena

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