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Bloomberg Markets

Abu Dhabi’s ADIC Plans $15 Billion Leveraged Hedge Fund Bet

Abu Dhabi’s ADIC Plans $15 Billion Leveraged Hedge Fund Bet
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An Abu Dhabi-based investor is considering building exposure worth $15 billion with global hedge funds, people familiar with the matter said, an outlay that will mark one of the emirate’s most significant forays into the sector.

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In April, the price of tomatoes was around $2.69 per pound — the highest seen in some four decades. So what's driving the price spike? Jacob Krempel, senior vice president of procurement and merchandising at the wholesale food distributor Baldor, joins Tracy Alloway and Joe Weisenthal to unpack why consumers are paying more and more at the grocery store. (Source: Bloomberg)

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