The Abu Dhabi Investment Council (The Council) is an investment arm of the Government of Abu Dhabi. It started operations in April 2007 and is responsible for investing part of the government’s surplus financial resources through a globally diversified investment strategy, targeting positive capital returns through an expansive portfolio of highly diversified asset classes and active investment management strategies. The Council is also empowered with a direct investment mandate to broaden Abu Dhabi’s economic base and facilitate the international development of local companies.
The Abu Dhabi Investment Council was splintered off from the Abu Dhabi Investment Authority (ADIA) and took over all local subsidiaries previously owned by ADIA including Abu Dhabi Commercial Bank, National Bank of Abu Dhabi and Abu Dhabi Investment Company (Invest AD).
Read more about Abu Dhabi Investment Council: Investment Strategy, Board of Directors
Famous quotes containing the words investment and/or council:
“The only thing that was dispensed free to the old New Bedford whalemen was a Bible. A well-known owner of one of that city’s whaling fleets once described the Bible as the best cheap investment a shipowner could make.”
—For the State of Massachusetts, U.S. public relief program (1935-1943)
“I haven’t seen so much tippy-toeing around since the last time I went to the ballet. When members of the arts community were asked this week about one of their biggest benefactors, Philip Morris, and its requests that they lobby the New York City Council on the company’s behalf, the pas de deux of self- justification was so painstakingly choreographed that it constituted a performance all by itself.”
—Anna Quindlen (b. 1952)