Abu Dhabi Sovereign Fund Adds Former Merrill Alternative CEO

Dec 8 2011 | 2:22am ET

The world's largest sovereign wealth fund has named an alternative investments veteran to lead its own effort in the space.

The $627 billion Abu Dhabi Investment Authority appointed Benjamin Weston global head of alternative investments. The position is new, and in it Weston will oversee the ADIA's alternative investment strategy and portfolio, which makes up between 5% and 10% of its total assets.

Weston joins ADIA from Geneva, Switzerland-based Helvetica Wealth Management Partners, where he was CEO. Weston is a former CEO of Merrill Lynch Alternative Investments and formerly ran his own hedge fund incubation firm.

"We are very pleased to welcome Ben Weston to ADIA," alternative investments executive director Khalifa Almheiri said. "His extensive and varied experience across the alternative investments industry will help us to further develop our capabilities and breadth of expertise in this important area."


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Versum Materials (VSM), with a market capitalization of $2.7 billion, enables chipmakers to achieve higher performance at lower cost with enhanced reliability. Versum is a leading global provider of electronic materials for the integrated circuit and flat-panel display markets.