Abu Dhabi investment house boosts transparency

19/03/2010 - Dubai Investment News
Abu Dhabi investment house boosts transparency

Posted by Bob Brunskill

The world's biggest state-owned investment fund, the Abu Dhabi Investment Authority, has moved one step close to investor transparency by publishing its first annual review.

According to the report, which is expected to become a staple read for bankers and investors across the globe sheds a little light on the firms billions of dollars worth of assets.

Speaking to the Financial Times about the issue, Rachel Ziemba, an economist at Roubini Global Economics, said: "We still know very little about the funds, but having tracked them for a while now, the improvement in disclosure is marked progress."

"All the funds are now looking at what kind of information they can give without jeopardising their strategies," she added.

The boost to transparency could encourage investment in the state, something which the International Monetary Fund has been calling for since developing its best practice guidelines in 2008.

Abu Dhabi is also promoting social stability in the region with a new residential plot redistribution programme - something that could also boost investment in the region.ADNFCR-2019-ID-19679525-ADNFCR