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Sovereign wealth
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Abu Dhabi Fund Loses Crisis-Related Arbitration Against Citigroup
Citigroup Inc. has prevailed in the latest arbitration pursued by Abu Dhabi Investment Authority over the sovereign wealth fund’s $7.5 billion investment in 2007 to shore up the then-struggling bank during the subprime mortgage meltdown. Documents in the case were unsealed on March 20 in Manhattan federal court, where Citigroup…
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