Glider accident - Morocco - sovereign wealth fund head missing...

Head of Largest Sovereign Wealth Fund Missing After Glider Crash

AP

The United Arab Emirates state news agency says the head of Abu
Dhabi's sovereign wealth fund -- the world's largest -- is missing
after his glider crashed in Morocco.

Rescue workers were scouring an artificial Moroccan lake Saturday in
search of the head of Abu Dhabi's sovereign wealth fund -- the world's
largest -- who went missing after his glider crashed.

Morocco's official MAP news agency said that Ahmed bin Zayed Al
Nahyan's glider went down in the lake Friday. The pilot of the
aircraft was rescued in good condition, but authorities continued the
search for Al Nahyan.

Al Nahyan is the managing director of the Abu Dhabi Investment
Authority. He is also the younger brother of Sheik Khalifa bin Zayed
Al Nahyan, the leader of the United Arab Emirates.

The Abu Dhabi Investment Authority could not be immediately reached
for comment.

The glider went down near the Sidi Mohammed Ben Abdallah Dam, which
forms the lake. It is located near the Atlantic coastal town of
Skhirat, some 35 kilometers south of the capital city Rabat and site
of one of Morocco's royal palaces.

The search could be particularly arduous because of recent heavy rains
that have pushed up water levels.

The family of Ahmed bin Zayed Al Nahyan is known to have numerous
properties around this North African kingdom, which offers up ocean,
mountains and desert.

The bulk of the Abu Dhabi Investment Authority holdings are in the
United States and Europe. Al Nahyan said earlier this year the Abu
Dhabi fund sees "significant, long-term investment potential" in both
regions despite the global downturn.

The fund broke with its customary privacy by issuing its first yearly
statement last week -- one of the biggest steps yet by the world's
largest sovereign wealth fund to increase transparency. However, the
report did not contain information on its balance sheet or the overall
size of the fund's holdings.

Analysts believe ADIA is the world's largest sovereign wealth fund,
with estimates of its size having ranged from less than $400 billion
to $875 billion and beyond.

Its investments include a $7.5 billion cash injection into Citigroup
Inc. in 2007. Stocks and other equities in the developed world make up
the largest class of the fund's assets, ranging from 35 to 45 percent
of its holdings.

Between 35 and 50 percent of ADIA's investments are typically in North
America, and another 25 to 35 percent are in Europe.

The fund, like other investors, is believed to have lost considerable
value during the market downturn before bouncing back somewhat over
the past year.

On Sat, 27 Mar 2010 12:18:15 -0700 (PDT), Dan Armstrong
wrote:

Head of Largest Sovereign Wealth Fund Missing After Glider Crash

AP

It is now clear that the crash didn't involve a glider, but an
ultralight airplane instead. The spanish instructor survived the
crash.

If you can read or translate from spanish:

http://www.ideal.es/granada/v/201003...-20100330.html


Aldo Cernezzi

http://www.ideal.es/granada/v/201003...med-desapareci...

From Babelfish:

Sheik Amhed, disappeared from Friday, flew with a pilot of Granada
Several countries look for in Rabat one of the most powerful men of
the world, that fell to a marsh while it flew with a granadino
instructor, who has saved the life

Sheik Amhed Horseradish tree Zayed to the Nahayn is, according to the
Forbes list, one of the most powerful men of the planet. In
particular, number 27. Between his merits it is being the chief of a
main directorate of the Authority of Investments of Abu Dhabi, the
more important investment fund of the world, with 600,000 million
dollars. He is brother of the president of Arab Emirates. Her family
has tastes like traveling in a Audi A8 done in silver, that not
silverplated.
Its last whim went to learn to fly. A ultralight one was bought and
contracted one of best the instructor, the granadino Julio Lopez.
Friday the apparatus in which traveled disappeared in a marsh of Rabat
(Morocco). From that day effective of several countries they look for
the body of the sheik, to whom already one occurs by dead. IDEAL has
located to the family of the flying instructor and has spoken with its
daughter. The story is horrifying. From Julio it saved another
granadino when one sank in the lake, an assistant who had traveled
with him to Morocco. It follows entered in the UCI, Rabat, but it has
saved the life.

On Mar 31, 10:29*am, gander wrote:
http://www.ideal.es/granada/v/201003...med-desapareci...

From Babelfish:

Sheik Amhed, disappeared from Friday, flew with a pilot of Granada
Several countries look for in Rabat one of the most powerful men of
the world, that fell to a marsh while it flew with a granadino
instructor, who has saved the life

Sheik Amhed Horseradish tree Zayed to the Nahayn is, according to the
Forbes list, one of the most powerful men of the planet. In
particular, number 27. Between his merits it is being the chief of a
main directorate of the Authority of Investments of Abu Dhabi, the
more important investment fund of the world, with 600,000 million
dollars. He is brother of the president of Arab Emirates. Her family
has tastes like traveling in a Audi A8 done in silver, that not
silverplated.
Its last whim went to learn to fly. A ultralight one was bought and
contracted one of best the instructor, the granadino Julio Lopez.
Friday the apparatus in which traveled disappeared in a marsh of Rabat
(Morocco). From that day effective of several countries they look for
the body of the sheik, to whom already one occurs by dead. IDEAL has
located to the family of the flying instructor and has spoken with its
daughter. The story is horrifying. From Julio it saved another
granadino when one sank in the lake, an assistant who had traveled
with him to Morocco. It follows entered in the UCI, Rabat, but it has
saved the life.

Glad you cleared that up!

Mike

On Mar 31, 10:33*am, Mike the Strike wrote:
On Mar 31, 10:29*am, gander wrote:



http://www.ideal.es/granada/v/201003...med-desapareci....

From Babelfish:

Sheik Amhed, disappeared from Friday, flew with a pilot of Granada
Several countries look for in Rabat one of the most powerful men of
the world, that fell to a marsh while it flew with a granadino
instructor, who has saved the life

Sheik Amhed Horseradish tree Zayed to the Nahayn is, according to the
Forbes list, one of the most powerful men of the planet. In
particular, number 27. Between his merits it is being the chief of a
main directorate of the Authority of Investments of Abu Dhabi, the
more important investment fund of the world, with 600,000 million
dollars. He is brother of the president of Arab Emirates. Her family
has tastes like traveling in a Audi A8 done in silver, that not
silverplated.
Its last whim went to learn to fly. A ultralight one was bought and
contracted one of best the instructor, the granadino Julio Lopez.
Friday the apparatus in which traveled disappeared in a marsh of Rabat
(Morocco). From that day effective of several countries they look for
the body of the sheik, to whom already one occurs by dead. IDEAL has
located to the family of the flying instructor and has spoken with its
daughter. The story is horrifying. From Julio it saved another
granadino when one sank in the lake, an assistant who had traveled
with him to Morocco. It follows entered in the UCI, Rabat, but it has
saved the life.

Glad you cleared that up!

Mike

Google translation does a better job - at least no Sheik Horseradish
Tree, who sounds like someone from a bad Monty Python sketch!

Sheikh Ahmed Ben Zayed al Nahayn is, according to Forbes, one of the
most powerful men on the planet. In particular, the number 27. Among
his merits is to be the general director of the Investment Authority
Abu Dhabi, the largest investment fund in the world, with 600,000
million dollars. He is the brother of the president of UAE. His family
has tastes like traveling in a silver Audi A8.

His latest fad was learning to fly. He bought an ultralight and hired
one of the best instructors, the Granada Julio López. On Friday, the
unit carrying them disappeared in a swamp of Rabat (Morocco). From
that day on troops from several countries looking for the body of the
Sheikh, who is now taken for dead. IDEAL has located the family of the
flight instructor and has spoken to his daughter. The story is
shocking. In July another Granada saved him when he sank into the
lake, an assistant who had traveled with him to Morocco. He remains
hospitalized in the ICU, in Rabat.

Mike

On Mar 31, 10:33*am, Mike the Strike wrote:
On Mar 31, 10:29*am, gander wrote:



http://www.ideal.es/granada/v/201003...med-desapareci....

From Babelfish:

Sheik Amhed, disappeared from Friday, flew with a pilot of Granada
Several countries look for in Rabat one of the most powerful men of
the world, that fell to a marsh while it flew with a granadino
instructor, who has saved the life

Sheik Amhed Horseradish tree Zayed to the Nahayn is, according to the
Forbes list, one of the most powerful men of the planet. In
particular, number 27. Between his merits it is being the chief of a
main directorate of the Authority of Investments of Abu Dhabi, the
more important investment fund of the world, with 600,000 million
dollars. He is brother of the president of Arab Emirates. Her family
has tastes like traveling in a Audi A8 done in silver, that not
silverplated.
Its last whim went to learn to fly. A ultralight one was bought and
contracted one of best the instructor, the granadino Julio Lopez.
Friday the apparatus in which traveled disappeared in a marsh of Rabat
(Morocco). From that day effective of several countries they look for
the body of the sheik, to whom already one occurs by dead. IDEAL has
located to the family of the flying instructor and has spoken with its
daughter. The story is horrifying. From Julio it saved another
granadino when one sank in the lake, an assistant who had traveled
with him to Morocco. It follows entered in the UCI, Rabat, but it has
saved the life.

Glad you cleared that up!

Mike

Google translation does a better job - at least no Sheik Horseradish
Tree, who sounds like someone from a bad Monty Python sketch!

Sheikh Ahmed Ben Zayed al Nahayn is, according to Forbes, one of the
most powerful men on the planet. In particular, the number 27. Among
his merits is to be the general director of the Investment Authority
Abu Dhabi, the largest investment fund in the world, with 600,000
million dollars. He is the brother of the president of UAE. His family
has tastes like traveling in a silver Audi A8.

His latest fad was learning to fly. He bought an ultralight and hired
one of the best instructors, the Granada Julio López. On Friday, the
unit carrying them disappeared in a swamp of Rabat (Morocco). From
that day on troops from several countries looking for the body of the
Sheikh, who is now taken for dead. IDEAL has located the family of the
flight instructor and has spoken to his daughter. The story is
shocking. In July another Granada saved him when he sank into the
lake, an assistant who had traveled with him to Morocco. He remains
hospitalized in the ICU, in Rabat.

Mike