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Fund director missing

Sun., March 28, 2010

BEIRUT, Lebanon – Rescuers searched a lake in Morocco on Saturday for the man who oversees one of the world’s largest state-owned wealth funds after he disappeared in an air accident.

A glider carrying Ahmed bin Zayed al Nahyan, the managing director of the Abu Dhabi Investment Authority, crashed Friday into the lake 20 miles southeast of the Moroccan capital, Rabat, state news agencies reported.

The plane’s pilot was rescued and is in good condition, the reports said. But the search for Nahyan, whom Forbes named the 27th most powerful person in the world last year, continued.

Abu Dhabi is the most powerful and wealthy of the seven states that make up the United Arab Emirates. Nahyan, a member of the Emirates royal family, is the younger brother of Emirates President Khalifa bin Zayed al Nahyan.


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