Abu Dhabi – Mubasher: A company is exploring AimcoCanadian Asset Management, investment opportunities and building relationships with the largest sovereign funds in Abu Dhabi and the world.
Evan Sidal, CEO of the company, said that investing in the UAE is one of the attractive offers due to the local currency’s peg to the dollar, as well as investor-friendly regulations there, according to Bloomberg.
The $124 billion Canadian Pension Fund is looking to build relationships with sovereign wealth funds in Abu Dhabi; The company seeks to expand outside its local market and diversify its portfolio.
Sidal pointed out that the focus of AIMCO, which invests on behalf of 32 pension funds, is not limited to the Gulf region only, noting that infrastructure and real estate are among the areas in which the company is very active..
Abu Dhabi has some of the largest sovereign wealth funds in the world, with combined assets of about $1.2 trillion, of which $790 billion is managed by the Abu Dhabi Investment Authority (ADIA), in addition to $285 billion in assets managed by the Mubadala Investment Company (Mubadala), and $159 billion at “Holding.”
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