Abu Dhabi Investment Council
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| Sovereign wealth fund | |
| Industry | Institutional investor |
| Founded | 2007 |
| Headquarters | Abu Dhabi, United Arab Emirates |
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Key people
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HH Sheikh Mohammad Bin Zayed Al Nahyan, Chairman HE Eissa Mohamed Al Suwaidi, Managing Director |
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Number of employees
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199 (2011) |
| Website | www.adcouncil.ae |
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 Abu Dhabi Investment Council was splintered off from the Abu Dhabi Investment Authority (ADIA) in 2007 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). From Autumn 2013 the Council will be based at Al Bahr Towers.
The investment strategy of the Council seeks to achieve superior risk-adjusted returns across the entire capital structure while preserving capital. Although the Council invests globally, there is a strong focus of investing in Abu Dhabi's economy. Some of its significant investments include:
Notably in 2008, the Council acquired 90% ownership of New York's landmark Chrysler Building.
The Managing Director is the highest-ranking officer within the Council. He reports to the Board of Directors and is responsible for the operations of the Council.
The Active Investment Strategies Department aims to generate superior risk adjusted returns by investing in hedge funds and similar active trading mandates across different strategies, globally. The department co-invests in individual transactions by partnering with Hedge Funds and takes GP stakes in Hedge Funds and/or Seed Hedge Funds. Some of the global mainstream strategies include:
The Direct Investments Department invests directly in listed and unlisted companies across the globe, with a particular emphasis on the MENA Region. It is focused on creating a concentrated portfolio of highly uncorrelated securities reflecting the broad nature of investment opportunities the Council is exposed to. In this respect, investments are considered for their intrinsic characteristics rather than within a portfolio context. In addition, it is also responsible for monitoring and optimizing the value of the Council's legacy portfolio consisting of 12 investments in local financial institutions and other prominent companies.
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