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Tue 30 Mar 2010 05:06 PM

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ADIA: a timeline

A timeline of the history of ADIA, the world's largest sovereign wealth fund.

The history of ADIA:

1967: Creation of Abu Dhabi’s “Financial Investments Board” under the Department of Finance.

1976: Abu Dhabi Investment Authority (ADIA) founded and separated from the government as an independent organisation.

1986: ADIA starts investing in alternative strategies.

1988: Number of employees hired by ADIA reaches the 500 mark.

1989: ADIA starts investing in private equity.

1991: Sheikh Ahmed Bin Zayed Al Nahyan joins ADIA as European equities analyst.

1993: Number of employees hired by ADIA reaches the 1,000 mark.

1997: Sheikh Ahmed takes over as head of ADIA.

2007: ADIA starts investing in infrastructure and moves to a new headquarters.

2008: ADIA appointed co-chair with IMF of International Working Group of Sovereign Wealth Funds.

2010: ADIA publishes first annual report; Sheikh Ahmed passes away after tragic glider accident in Morocco.

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