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Abu Dhabi Wealth Fund Says Long-Term Investment Gains Fell

  • Sovereign wealth fund’s 20-year returns drop to 6.5 percent
  • ADIA continues to move away from using external fund managers
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The Abu Dhabi Investment Authority, one of the world’s biggest sovereign wealth funds, said its long-term gains dropped in 2015.

The fund’s 20-year annual rate of return slowed to 6.5 percent at the end of 2015, from 7.4 percent a year earlier, it said in its annual review. Over three decades, annual returns fell to 7.5 percent from 8.4 percent. The sovereign wealth fund doesn’t disclose how much money it manages for the government.