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Abu Dhabi Fund said to buy Time Warner building with GIC

The sovereign funds seek to diversify investments by upping stakes in alternative assets

Published Wed, Jan 15, 2014 · 10:00 PM
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[SINGAPORE] Abu Dhabi Investment Authority, one of the world's biggest sovereign wealth funds, is investing alongside Singapore's state fund GIC Pte in the headquarters of Time Warner Inc in New York City, according to a person with direct knowledge of the transaction.

The person, who asked not be identified because the deal is private, declined to disclose the Abu Dhabi fund's share of the project or the amount invested. New York-based Related Co…

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