Dubai World Has Not Depleted Abu Dhabi's Sovereign Wealth

Abu Dhabi may be bailing out Dubai World, but it seems that the pockets of its sovereign wealth fund, Abu Dhabi Investment Authority (ADIA), are still deep enough to fund 'trophy' foreign investments. After all, what is the US$10bn Dubai World bailout, for a country with the world's biggest wealth fund sitting on US$500-700bn in assets? ADIA is buying a 15% stake in London's Gatwick Airport for GBP125mn from private equity group GIP. Managing director Sheikh Ahmed recently revealed that ADIA has its largest allocation in the US with 35 to 50%, followed by Europe at up to 35% and

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