Finance
Abu Dhabi’s ADIA Boosts Hedge Fund Exposure Via Managed Accounts
The Abu Dhabi Investment Authority has ramped up its use of separately-managed accounts to deploy large chunks of money across dozens of hedge funds.
Photographer: Vidhyaa Chandramohan/BloombergThe $1 trillion Abu Dhabi Investment Authority has ramped up its use of separately-managed accounts to deploy large chunks of money across dozens of hedge funds, according to people familiar with the matter.
Abu Dhabi’s biggest wealth fund has boosted its hedge fund exposure through the increasingly-popular mechanism to about $40 billion this year, one of the people said, asking not to be identified because the details are private.