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.

By Staff Report

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Published: Mon 22 Dec 2008, 2:36 AM

Last updated: Sun 5 Apr 2015, 11:28 AM

According to an investment expert based in Dubai, who is privy to these types of high-profile investments by ADIA and other sovereign wealth funds (SWFs), the New York Times story may have exaggerated the numbers.

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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