The Abu Dhabi Investment Council (; ADIC or the "Council") is one of the investment arms of the government of Abu Dhabi. It started operations in April 2007, as a spin-off of the

Abu Dhabi Investment Authority The Abu Dhabi Investment Authority (ADIA) is a sovereign wealth fund owned by the Emirate of Abu Dhabi in the United Arab Emirates, founded to invest funds on behalf of the Government of Abu Dhabi. It manages the emirate's excess oil reserves a ...

(ADIA). ADIC is responsible for investing the government's surplus, targeting positive

capital Capital and its variations may refer to: Common uses * Capital city, a municipality of primary status ** Capital region, a metropolitan region containing the capital ** List of national capitals * Capital letter, an upper-case letter Econom ...

returns through diversified asset classes and active investments. In March 2018, Abu Dhabi Executive Council issued a law reorganising ADIC under the ownership of

Mubadala Mubadala Investment Company PJSC (), or simply Mubadala, is a state-owned global investment firm that acts as one of the sovereign wealth funds of the government of Abu Dhabi. The company was established in 2017 when then-named Mubadala Developme ...

History

The Abu Dhabi Investment Council was splintered off from ADIA in 2007 and took over all local subsidiaries previously owned by ADIA including

Abu Dhabi Commercial Bank Abu Dhabi Commercial Bank PJSC () (), commonly called ADCB, is a bank in the United Arab Emirates. Abu Dhabi Commercial Bank (ADCB) was formed in 1985 as a public shareholding company with limited liability, following the mergers between Emirates ...

, National Bank of Abu Dhabi and Abu Dhabi Investment Company (Invest AD). Since 2013 the council has been based at Al Bahr Towers. In March 2018, Abu Dhabi Executive Council issued a law reorganising ADIC under the ownership of

Investment strategy

The investment strategy the council is to deliver superior long-term risk-adjusted returns while preserving capital. Although the council invests globally, there is a strong focus of investing in Abu Dhabi's economy. Some of its significant past investments have included: * National Bank of Abu Dhabi *

* Union National Bank * Al Hilal Bank * Abu Dhabi National Insurance Company * Abu Dhabi Aviation Company * Abu Dhabi Investment Company (Invest AD) * Abu Dhabi National Chemicals Company Chrysler Building - 05

Notably in 2008, the Council acquired 90% ownership of New York's landmark

Chrysler Building The Chrysler Building is a , Art Deco skyscraper in the East Midtown neighborhood of Manhattan, New York City, United States. Located at the intersection of 42nd Street and Lexington Avenue, it is the tallest brick building in the world wit ...

Business functions

Active Investment Strategies

The active investment strategies department aims to generate superior risk adjusted returns by investing in

hedge fund A hedge fund is a Pooling (resource management), pooled investment fund that holds Market liquidity, liquid assets and that makes use of complex trader (finance), trading and risk management techniques to aim to improve investment performance and ...

s and similar active trading mandates globally.

Direct Investments

The direct investments department focuses on investing directly in listed and unlisted companies across the globe, with a special emphasis on the

Middle East and North Africa The Middle East and North Africa (MENA), also referred to as West Asia and North Africa (WANA) or South West Asia and North Africa (SWANA), is a geographic region which comprises the Middle East (also called West Asia) and North Africa together ...

. It is also responsible for monitoring and optimizing the value of the council's legacy portfolio.

Equities and Fixed Income

The equities and fixed income department manages listed portfolios that include global, regional and emerging market

equities Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the shares by which ownership of a corporation or company is divided. A single share of the stock means fractional ownership of the corporation in proportion t ...

; and fixed income securities that include sovereign and global inflation-linked securities.

Global Special Situations

The Special Situations Unit invests in one-off opportunities that may not fit in any of the council's asset classifications yet generate a higher return than other asset classes. These investments are placed both directly and through managed funds.

Infrastructure Investments

The

Infrastructure Infrastructure is the set of facilities and systems that serve a country, city, or other area, and encompasses the services and facilities necessary for its economy, households and firms to function. Infrastructure is composed of public and pri ...

Investments Department is responsible for building a portfolio of global infrastructure investments and contributing to the growth of the local economy through participation in local developments. Its investments target large-scale public systems including transportation, communication, utilities and power grids. The investments are primarily made by externally managed funds, but also includes the possibility of co-investments in infrastructure projects.

Private Equity

The

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

department places funds in global private equity markets and invests directly primarily alongside its managers.

Board of directors

The board of directors is the highest authority within the council and is composed of a chairman, managing director and other board members, all of whom are senior government officials appointed by decree from the ruler of Abu Dhabi.

References

External links

Abu Dhabi Investment Council
{{authority control Investment companies of the United Arab Emirates Government-owned companies of Abu Dhabi Mubadala Investment Company 2007 establishments in the United Arab Emirates Outward investment