Fund Chief’s Funeral


THE TELEGRAPH: Gulf Sheikh Ahmed bin Zayed al-Nahyan Found Dead in Morocco >>> Louise Armitstead, Chief City Correspondent | Tuesday, March 30, 2010

Gulf Sheikh Ahmed bin Zayed al-Nahyan Found Dead in Morocco
THE TELEGRAPH: The boss of the Abu Dhabi Investment Authority (ADIA), the world's biggest sovereign wealth fund, has been found dead in Morocco.

Gulf sheikh Ahmed bin Zayed al-Nahyan was ranked 27th on the Forbes list of the most powerful people in the world. Photograph: The Telegraph
Sheikh Ahmed bin Zayed al-Nahyan, who directed ADIA's recent acquisition of 15pc of Gatwick Airport, was found four days after his glider aircraft went missing. He was 40.

ADIA, which is thought to have assets worth $627bn (£420bn), declined to comment.

The Sheikh had no deputy director. However, sources close to the fund said that a succession plan is being worked on.

Ranked 27th on the Forbes list of the most powerful people in the world, Sheikh Ahmed was also a half-brother of Sheikh Khalifa bin Zayed al-Nahyan, Abu Dhabi's ruler and the president of the United Arab Emirates.

Sheikh Ahmed took control of ADIA in 1997 where he was described as "very hands on" in investment decisions. The sovereign wealth fund's most high-profile investment was a stake of about 4pc in Citigroup. >>> Louise Armitstead, Chief City Correspondent | Tuesday, March 30, 2010

TIMES ONLINE: Sovereign wealth fund boss found dead in Morocco: A team of French and Moroccan divers have found the body of an Emirati sheikh who headed the world's largest sovereign wealth fund, four days after the ultralight glider he was travelling in crashed into a lake near Rabat. >>> Philippe Naughton | Tuesday, March 30, 2010