Adia opens HK office, enhancing China access

In a move that many will view as a ‘pivot’ to the east, Abu Dhabi Investment Authority (Adia) has unveiled an office in Hong Kong, barely a year after it shut its London branch. This is the sovereign wealth fund’s first and, perhaps surprisingly, its only overseas presence following the UK closure.  The simple fact is that a local presence in Hong Kong is more valuable than one in London, said a source close to Adia, one of the world's biggest state investors. The move also reflec…