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.
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