Abu Dhabi Sovereign Wealth Fund Chief Dies In Glider Accident

Apr 1 2010 | 9:34am ET

The head of the world’s largest sovereign wealth fund has been found dead after going missing four days ago.

Sheikh Ahmed bin Zayed al Nahyan’s body was pulled from a reservoir south of the Morroccan capital of Rabat on Tuesday. The glider he was riding crashed into the body of water on Friday; he was 41 years old.

Ahmed, the younger brother of Abu Dhabi’s ruler, headed the Gulf state’s Abu Dhabi Investment Authority, which manages upwards of US$700 million. Control of the sovereign fund is expected to remain within Abu Dhabi’s ruling family.


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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