Lunate, the Abu Dhabi-based investment manager, partners with Brevan Howard to launch a new investment platform, highlighting the growth of Abu Dhabi as a financial center.
Creation of New Investment Fund
Lunate, managing $110 billion in assets, and Brevan Howard, a hedge fund managing $34 billion, announced the creation of a new investment platform in the Abu Dhabi Global Market (ADGM). This $2 billion commitment marks a significant step for Lunate into the hedge fund arena. The platform will offer a series of exclusive funds based on Brevan Howard’s expertise in macro and digital assets.
Strengthening Abu Dhabi's Financial Status
The partnership helps Lunate diversify its portfolio and strengthens its presence in the Gulf Cooperation Council (GCC). It aligns with ADGM's ambitions to bolster Abu Dhabi as an international financial center. Brevan Howard, which established its regional headquarters in ADGM in 2023, has continued to grow its assets in the region.
Partnership with HSBC to Enhance Liquidity
Lunate has also signed HSBC Bank UK as its first international Authorized Participant for its ETFs. This collaboration will enhance the liquidity and trading performance of Lunate's ETFs listed on the Abu Dhabi Securities Exchange (ADX) and Dubai Financial Market (DFM). HSBC's international presence and experience will aid in increasing access to Lunate's investment products.
The new investment platform and partnerships underscore Lunate's commitment to long-term growth and strategic diversification in the rapidly evolving financial markets.
