One of the world’s biggest hedge funds has set up shop in Abu Dhabi.
London-based TCI Fund Management has officially inaugurated the office which is located in the Abu Dhabi Global Market (ADGM).
According to the firm, which is known as an aggressive activist investor, the move is designed to expand its presence in the Mena region as well as the broader Emea market.
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The office will be led by TCI director and global head of investor relations Bronwyn Owen who is relocating from New York to take up the role.
“We look forward to establishing our team there to reach a broader investor base and to expand my philanthropic activities,” said TCI founder and portfolio manager Chris Hohn.
TCI is one of a number of hedge funds to have opened an office in Abu Dhabi.
Indeed, the ADGM reported a 35% year on year growth in revenue for the first half of 2023, thanks in part to the hedge funds operating in the free zone.
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