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Project’s first phase has sold out with figures scratching the Dh1 billion mark
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ADIA may not have Direct Involvement with Madoff Funds
ABU DHABI - The Abu Dhabi Investment Authority (ADIA), one of the world’s largest sovereign wealth funds, may not have direct involvement with Madoff’s Funds, an allegedly fraudulent investment fund, according to media report.
According to an investment expert based in
The report in the newspaper read in part as, “ ADIA’s exposure to Fairfield was $132 million in 2006, down from $400 million, after withdrawing from it twice, on not have direct involvement with Madoff’s Funds that basis it’s very hard to evaluate its exposure today’ .
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