Abu Dhabi-based alternative investment manager Lunate has formed a strategic partnership with Brevan Howard, a prominent hedge fund managing approximately $34 billion in assets.
The collaboration aims to create a new investment platform in the Abu Dhabi Global Market (ADGM), pending regulatory approval. Lunate is committing an initial $2 billion to this venture, which will focus on macro and digital asset strategies, with plans to raise additional capital from both local and international investors.
As part of this partnership, Lunate will acquire a minority stake in Brevan Howard, marking its entry into hedge funds and expanding its investment offerings for clients in the Gulf Cooperation Council (GCC) region and beyond. Brevan Howard, founded in 2002 by Alan Howard and traders from Credit Suisse, has become a key player in the hedge fund space and opened its largest global office in ADGM in early 2023.
This partnership supports Abu Dhabi’s strategy to position itself as a global asset management hub, attracting international financial institutions and leveraging its substantial sovereign wealth funds and progressive regulatory environment.
The new investment platform is anticipated to bolster the financial sector in Abu Dhabi and create opportunities for top-tier talent, reinforcing the emirate’s goal of becoming a leading global financial center.
Both Lunate and Brevan Howard have expressed optimism regarding the partnership, highlighting their commitment to the region and the potential for long-term growth and collaboration.
Wow, Abu Dhabis move in investing in Brevan Howard is intriguing. Do you think this partnership will bring success or complications? Lets discuss! 🤔📈
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Is this a smart move for Abu Dhabi or a risky investment? Curious to see how it plays out! 🤔
Im skeptical about this move by Abu Dhabis Lunate. Is it a strategic investment or just a risky bet? Time will tell.
This acquisition could either lead to new investment opportunities or dilute Brevan Howards brand. Whats your take on it?
I cant believe Abu Dhabi is making this move with Brevan Howard. Will it be a game-cer or a risky venture? Share your thoughts!
Interesting move by Abu Dhabis Lunate. Will this partnership bring new strategies to Brevan Howard? Exciting times ahead!
I really dont get why Abu Dhabis Lunate is investing in Brevan Howard. Seems like a risky move, dont you think?
I cant believe Abu Dhabi is investing in Brevan Howard! Do you think its a smart move or a risky gamble? Lets discuss!