Abu Dhabi wealth fund bucks the trend to bet on Turkey
Source:Financial Times Date:13Jan2022
I think ADQ has the right idea. If one can look past the current turmoil, Turkey does offer extraordinary opportunities:
Mohammed Hassan al-Suwaidi, chief executive of ADQ, told the Financial Times that the lira’s weakness could provide opportunities, saying it was a “great time” to buy if you take “a long-term view”. He added that the fund was already in “discussions with the Turkish sovereign fund [TWF] on a couple of opportunities,” including companies within TWF’s portfolio. “They have some stranded assets that they can either bring you into, or you could develop a platform from, so we are looking at a few things with them,” Suwaidi said.