Tuesday, 27 January 2015
Last updated 39 min ago
Mar 29 2010 | 8:52am ET
The head of Abu Dhabi's sovereign wealth fund has been missing since Friday after his glider crashed in Morocco.
Ahmed bin Zayed al-Nahyan, managing director of the Abu Dhabi Investment Authority, was in his plane with a pilot when it went down in an artificial lake, according to Morocco’s state news agency. The pilot was rescued, but there is no sign of bin Zayed al-Nahyan, the brother of the president of the United Arab Emirates, Khalifa bin Zayed al-Nahyan.
The cause of the crash is not yet known.
It is estimated that the Abu Dhabi Investment Authority is the largest sovereign wealth fund in the world and could be worth over $450 billion.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…