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Abu Dhabi Wealth Fund Lost $125 Billion

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:lol: Jan. 15 (Bloomberg) -- Abu Dhabi Investment Authority may have lost $125 billion last year, pushing the sovereign wealth fund to second place behind Saudi Arabia after the global credit crisis cut asset prices, economists at the Council on Foreign Relations said in a report.

Abu Dhabi’s fund was “hard hit by the recent fall in global equities,” Brad Setser and Rachel Ziemba wrote in the report released on the New York-based organization’s Web site. “A high allocation to equities, emerging market and private equity” contributed to the drop.

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:lol: Jan. 15 (Bloomberg) -- Abu Dhabi Investment Authority may have lost $125 billion last year, pushing the sovereign wealth fund to second place behind Saudi Arabia after the global credit crisis cut asset prices, economists at the Council on Foreign Relations said in a report.

Abu Dhabi’s fund was “hard hit by the recent fall in global equities,” Brad Setser and Rachel Ziemba wrote in the report released on the New York-based organization’s Web site. “A high allocation to equities, emerging market and private equity” contributed to the drop.

What is up with your sig brother?

ps - check my sig out

Edited by worzel

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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