The Abu Dhabi Investment Authority — the giant $770 billion sovereign wealth fund — plans to continue the build-out of its in-house investment teams by "selectively" hiring in infrastructure and private equity.

The fund, which invests on behalf of the government of Abu Dhabi and has $773 billion in assets under management, according to the Sovereign Wealth Fund Institute, this morning published its review for 2013. The report outlines the fund's activities for 2013 and the outlook for the year ahead.