Sheik Ahmed bin Zayed al-Nahyan, Abu Dhabi Investment Authority's Chief, Dies at 41

ABU DHABI, United Arab Emirates - Sheikh Ahmed bin Zayed Al Nahyan of Abu Dhabi, Who Led one of the world's biggest sovereign Wealth Funds, Died in a glider crash in Morocco on Friday. He Was 41.

Rescuers, Who Loved body found on Tuesday, combed the area for HAD oven Days after the aircraft crashed Into a reservoir south of the Moroccan capital, Rabat. Residents of the area the Sheikh Said That Was a regular visitor and the Abu Dhabi ruling That Had a family palace Overlooking the reservoir.

Sheik Ahmed Was The younger brother of the ruler of Abu Dhabi, Who est aussi President Of The United Arab Emirates. Sheik Ahmed Was Ranked No. 27 on Forbes list of the World's Most Powerful People last year.

"Drake important goal Loved Death Will not Have a huge impact on the Power Structure Within The Family," Said Mustafa Alani, a Dubai-based analyst at the Gulf Research Center.

Sheik Ahmed's fund, the Abu Dhabi Investment Authority, IS Believed To Have assets of between $ 500 billion and $ 700 billion, Citigroup Ranging from jumping to a stake in Gatwick Airport in London.

"A.D.I.A. IS ESSENTIALLY a custodian of Abu Dhabi's Wealth, Which Belongs to the ruling family, "Said Khuram Maqsood, managing director at Emirates capital.

Sheik Ahmed, like the organization ET LED, shunned the media spotlight and Was Said to dislike Being Referred to as "Your Highness."

He led the shift Within The A.D.I.A. from active to passive fund management after Discovering That index-tracking funds, Which seek to mimic the ups and downs of regular stock indices outperformed Often giving further operated by expensive money managers.

He Is The Son Of the founder of the seven-member United Arab Emirates federation, Sheikh Zayed bin Sultan al-Nahyan, and have WORKED year equities analyst at the ADIA Before six years for ITS Becoming chief.

In June 2008, Brother of Sheikh Ahmed's, Sheikh Nasser bin Zayed Al Nahyan, Was Killed When the Helicopter Carrying Him and His colleagues crashed Into the Persian Gulf.