Lunite and Brevan howard Forge $2 Billion Investment partnership in Abu Dhabi
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The Abu Dhabi-based investment firm Lunite and global hedge fund manager Brevan Howard have announced a long-term strategic partnership to establish a new investment platform within the Abu Dhabi Global Market (ADGM).
Published: October 26, 2023
Strategic Alliance to Boost Regional Investment Capabilities
Lunite, an Abu Dhabi investment management company, and Brevan Howard, which manages $34 billion in assets, revealed yesterday the culmination of discussions resulting in a long-term strategic partnership. The collaboration will centre around establishing a dedicated investment platform operating within the ADGM, pending regulatory approvals.
The partnership will launch with an initial commitment of $2 billion from Lunite, fueling a suite of new funds. These funds will leverage Brevan Howard’s existing investment strategies and expertise, encompassing both traditional and digital assets.Further capital is anticipated to be raised from both local and international investors in the coming months.
In a significant move signaling its commitment to the hedge fund sector, Lunite will also acquire a minority stake in Brevan Howard. This investment reflects Lunite’s broader strategic expansion and its ambition to diversify its product offerings and investment solutions throughout the Gulf region and globally.
Brevan Howard’s Growing Presence in the Region
Brevan Howard has experienced significant strategic growth over the past two decades, consistently enhancing its capabilities across a diverse range of asset classes.The firm’s commitment to the region was underscored by the opening of its primary regional office in the ADGM in 2023, which has quickly become its largest office globally in terms of assets under management.
The partnership’s headquarters will be strategically located within the ADGM, a rapidly expanding hub for both regional and international asset management firms. This location will directly support Abu Dhabi’s aspirations to solidify its position as a leading global financial center, while simultaneously fostering opportunities for skilled professionals in the field.
The ADGM’s advanced infrastructure,acting as a crucial link between global markets and offering a robust regulatory framework,will provide added value to clients of the new investment platform.
Executive Perspectives
Khalifa Al-Suwaidi, Managing Partner of Lunite
Our new partnership with Brevan Howard represents our continued efforts to expand within the hedge fund space and our dedication to collaborating with world-class investment firms to deliver our clients with carefully considered strategies that enable portfolio diversification.
Alain Howard, Founder of Brevan Howard
Our long-term partnership with Lunite demonstrates our commitment to serving the needs and aspirations of our clients in the region, and we look forward to strengthening this partnership in the years to come.
