UK-based hedge fund manager Florin Court Capital is to open an office in Abu Dhabi as part of an agreement struck with the Abu Dhabi Investment Office (ADIO).
The ADIO has sought to partner with UK fund managers in its bid to establish Abu Dhabi as a post-Brexit hub for UK firms looking to expand internationally.
Part of its effort involves a US$545 million innovation fund which provides financial incentives to firms willing to set up their overseas hubs in Abu Dhabi.
Florin Court will set up its trading, research and operations hub in the Abu Dhabi Global Market (ADGM).
The ADIO has also invested in infrastructure fund manager, Tribe Infrastructure Group.
“We look forward to seeing the new partnerships flourish and will continue to develop pathways for companies and entrepreneurs to achieve their aspirations,” said Juma Al Hameli, chief strategy and business development officer at ADGM.
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