‘Secretive’ ADIA opens the door… a bit

‘Secretive’ ADIA opens the door… a bit

Abu Dhabi sovereign wealth fund publishes first annual review, including a breakdown of its portfolio by class – but doesn’t disclose the value of its assets.

March 15, 2010 6:40 by kippreport

Abu Dhabi’s sovereign wealth fund, which has been termed ‘secretive’ over its multi-billion dollar investment strategy, today published its first annual review, providing an breakdown of its holdings by asset class and region – although it stopped short of disclosing the total value of its portfolio.

The Abu Dhabi Investment Authority (ADIA), which has been rumored to hold investments worth around $600 billion, said in the review that it has invested as much as 45 percent of its assets in developed markets.

ADIA also disclosed that it has 10-20 percent of its assets in government bonds, while as much as 10 percent is invested in real estate, credit and alternative assets such as hedge funds. ADIA has seen a 20-year annual rate of return of 6.5 percent, and a 30-year rate of return of 8 percent as of the end of last year, the report said.

The publication of the review coincided with the relaunch of the ADIA website.