One of the world’s most prominent hedge funds has opened an office in Abu Dhabi, which it hopes will serve as its hub for the Middle East.
Jersey-based Brevan Howard has selected the Al Sarab tower in the Abu Dhabi Global Market as its premises and is leasing space for around 100 employees.
In total, Brevan Howard currently employs more than 750 people across 12 offices in eight countries.
According to Brevan Howard chief executive Aron Landy, the regional expansion will “not only contribute to the commercial growth of the firm through access to regional institutions and talent but also enhance our global lens from an investment perspective”.
The UAER has managed to attract a number of high-profile hedge funds to its shores in the last two years.
Among the hedge funds to set up a Mena operation are UK-based Florin Court Capital, Balyasny Asset Management, BlueCrest Capital Management and Exodus Point Capital Management.
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