Alternative investment manager OneIM has been granted financial services permission by the Abu Dhabi Global Market (ADGM) and its regulatory body, the Financial Services Regulatory Authority (FSRA).
This will enable the firm to manage collective investment funds, a crucial part of its business strategy.
The firm was only launched in 2022 and currently has offices in Abu Dhabi, London and New York.
It employs a multi-asset class approach with a focus on special credit situations.
It is also the third firm to be licensed by the FSRA this year, continuing the ADGM’s efforts to establish itself as a regional hub for hedge funds and other alternative fund managers.
The number of licensed investment managers within the ADGM has more than trebled within the last two years.
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