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Abu Dhabi in talks to attract 30 global hedge funds


Abu Dhabi Financial Center is in talks with more than 30 hedge funds to help them set up branches in the Middle East.

Arvind Ramamurthy, head of market development, said: “We are increasingly seeing more and more hedge funds establishing or exploring establishing operations in Abu Dhabi Global Market.” economic news. “Abu Dhabi Global Market is approaching more than 30 potential new hedge funds.”

Abu Dhabi Global Market is already home to some well-known hedge funds such as Brevan Howard and Florin Court Capital.

As of May, Abu Dhabi Financial Center had 96 asset managers operating, including five virtual asset service providers.

“As an international financial centre, Abu Dhabi Global Market is providing a platform for various fund strategies and structures to operate in the centre,” said Ramamurthy.

read Hedge fund boss explains why Abu Dhabi is outperforming London: ‘Optimism isn’t everywhere’

In 2021, British hedge fund Florin Court Capital opened an office in Abu Dhabi and moved partner David Denison to the UAE capital. Currently, about 40 percent of the company’s global workforce is based in Abu Dhabi.

In February, Brevan Howard opened its regional headquarters in Al Sarab Towers in Abu Dhabi Global Market, housing over 100 employees.in june it Touched by its founding partner Trifon Natsis Fly to Abu Dhabi.

In April, Ray Dalio, founder of Bridgewater Associates, the world’s largest hedge fund, chose Abu Dhabi as a strategic center for expanding his family office business.

While Silicon Valley continues to dominate the venture capital scene and Mayfair holds some of the longest-running companies in the industry, others are vying for tax and time zone advantages, as well as proximity to some of the world’s largest sovereign wealth funds. And the ever-growing foreign talent team.

The UAE aims to become a global hotspot for hedge funds.in april ReportThe DIFC said the number of hedge funds setting up offices in the center jumped by 54% in 2022.

read Hedge fund talent picks Middle East over London and New York, says headhunter

About 66 percent of hedge funds in DIFC come from the US and UK, the report added.

Hedge funds such as Millennium, ExodusPoint, BlueCrest and Balyasny also have branches in DIFC.

To contact the author of this story with feedback or news, please email Bilal Jaffer


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