Abu Dhabi Investment Authority (ADIA) has increased its target allocations to both private equity and hedge funds as the roughly $1tn sovereign wealth fund looks to capture opportunities from a recovery in buyout activity and heightened market volatility, according to a report by Bloomberg.
The sovereign investor increased its allocation range for financial alternatives, which includes hedge funds and related strategies, to 7% to 12% from a previous range of 5% to 10%.
Adia also raised its targe...
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