Abu Dhabi government-owned fund, Invest AD has said that due to market conditions it has shut its investment banking advisory team and cancelled plans to offer a property fund, Bloomberg has reported. "After careful consideration of market conditions, Invest AD has decided to close its small investment banking advisory team," a spokesman told the news service. Invest AD owns a stake in Airport International Group PSC, and holds a majority in Industrial City Cooling Co., owner and operator of two district cooling plants in Abu Dhabi's Industrial City.