Sheikh Ahmed bin Zayed, managing director of ADIA, participated in a rare interview with the German newspaper Handelsblatt. Any time you get the MD of one of the world’s most secretive SWFs to talk to the public, people are going to pay close attention. And there were some interesting revelations.
For example, ADIA claims to have played the crisis perfectly, selling stocks in 2008 before reinvesting in 2009. Zayed also indicated that he sees long-term investment potential in the West. Indeed, he disclosed that ADIA has 35-50% of its assets in the U.S., 25-35% in Europe, 15-25% in emerging markets and 10-20% in Asia. Still, he felt that the world economy was still in a fragile state and that new financial regulation was necessary.
It’s nice to get a bit more information from ADIA. Apparently, this interview is part of the SWF’s new commitment to revealing more information about itself; after all, it was a driving force behind the Santiago Principles.
UPDATE: You can get the whole English version of the interview here.