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Abu Dhabi puts the squeeze on external fund managers

Sovereign wealth fund is also increasing the amount of money that is actively-managed

Abu Dhabi puts the squeeze on external fund managers

One of the world’s largest fund managers has continued its journey towards investment autonomy by bringing more money in-house.

The Abu Dhabi Investment Authority said in its 2017 annual review, published April 30, that just 55% of its assets are managed by third-party managers, down from 60% a year earlier.

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