Abu Dhabi’s $697 Billion Wealth Fund Is Hiring
- Fund’s 20-year average returns fell to 5.4% last year vs 6.5%
- Sovereign wealth funds have been increasing direct investments
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In a world of diminishing returns, Abu Dhabi’s top sovereign wealth fund is hiring as it boosts active management of its estimated $697 billion portfolio.
Abu Dhabi Investment Authority plans to "add a number of new positions, mostly within investment and research-focused roles" in its fixed income and treasury department this year, according to its annual report. The fund’s 20-year annualized rate of return fell to 5.4% from 6.5% a year earlier.