Abu Dhabi-based investment manager Lunate has acquired $110 billion in managed assets and has partnered with $34 billion hedge fund giant Brevan Howard, which manages $34 billion, to establish a new investment platform at Abu Dhabi Global Market (ADGM).
The launch begins with a long-term $2 billion commitment from Lunate. Create a set of exclusive funds based on Brevan Howard’s expertise in macro and digital assets.
Brevan Howard’s strategic interests
As part of the agreement, Lunate will take ownership of a small number of Brevan Howard and mark its first expansion into a hedge fund. This move will diversify Lunate’s offerings for the entire GCC and for global clients. At the same time, it strengthens the presence of Brevan Howard in the region.
Brevan Howard established a regional headquarters at ADGM in early 2023. It has grown into the largest office with managed assets around the world. The new platform supports ADGM’s ambition to become Abu Dhabi’s leading global financial centre to provide regulatory power, international access and a growing talent pool.
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Leadership comments
Lunate’s managing partner Khalifa Al Suwaidi described the partnership as a step in providing clients with access to a differentiated hedge fund strategy. In his words:
“The new partnership with Brevan Howard demonstrates its expansion into hedge funds, reflecting its commitment to working with the world’s best investment companies, providing clients with access to unique strategies to further diversify their portfolios.”
Also, Alan Howard, founder of Brevan Howard, highlighted the company’s long-term commitment to the region and the opportunity to expand alongside Lunate. “The long-term partnership with Lunate reflects our deep and continuous commitment to the region,” Howard said.
Lunate adds HSBC as the first international accredited participant in ETF
In July, the Abu Dhabi-based investment manager appointed HSBC Bank UK as certified participants (AP) in the UCITS and SCA-Regulated ETF range. This will mark HSBC as Lunate’s first international AP, marking seventh overall, improving investor liquidity and accessibility.
The partnership is in line with Lunate’s strategy to strengthen its global reach and expand its ETF investor base. HSBC’s global and ETF market expertise increases the visibility and trading efficiency of Lunate ETFs listed in ADX and DFM.
Lunate offers 18 equity and fixed income ETFs in development and emerging markets, providing cost-effective portfolio diversification. The move is also seen as a milestone in the UAE’s growing ETF ecosystem.
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