Abu Dhabi fund attracts attention on Wall St.

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"After decades in the shadows, the Abu Dhabi Investment Authority is turning heads on Wall Street and in Washington with a string of high-profile investments in Western firms that is shifting the balance of power in the financial world.

Known as ADIA, the world's largest sovereign wealth fund recently formed a small team that is now buying big stakes, especially in the United States. This unit masterminded ADIA's $7.5 billion investment in Citigroup, the largest U.S. bank, in November. It has also taken a large position in Toll Brothers, one of the country's biggest home builders."

Abu Dhabi fund attracts attention on Wall St. - International Herald Tribune