Sorry. A little political.

UAE: head of largest sovereign wealth fund missing

(May the heavens forgive me; I’m linking to an AP story.)

RABAT, Morocco – Rescue workers were scouring an artificial Moroccan lake Saturday in search of the head of Abu Dhabi’s sovereign wealth fund — the world’s largest — who went missing after his glider crashed.

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Al Nahyan is the managing director of the Abu Dhabi Investment Authority. He is also the younger brother of Sheik Khalifa bin Zayed Al Nahyan, the leader of the United Arab Emirates.

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Analysts believe ADIA is the world’s largest sovereign wealth fund, with estimates of its size having ranged from less than $400 billion to $875 billion and beyond.

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Its investments include a $7.5 billion cash injection into Citigroup Inc. in 2007. Stocks and other equities in the developed world make up the largest class of the fund’s assets, ranging from 35 to 45 percent of its holdings.

Between 35 and 50 percent of ADIA’s investments are typically in North America, and another 25 to 35 percent are in Europe.

All those words? Billions. With a B.

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