Lunate, a UAE-based alternative investment manager, and Brevan Howard, one of the leading hedge funds in the world, announced a strategic long-term partnership to establish an investment platform in Abu Dhabi.
Creation of the Investment Platform
According to the press release, Lunate has committed $2 billion to create new funds exclusive to the partnership, including macro and digital assets. The platform will be domiciled in the Abu Dhabi Global Market (ADGM), pending regulatory approval.
Strategy and Goals of the Partnership
The partnership includes leveraging Brevan Howard's existing strategies and investment capabilities. Additional capital is expected to be raised from local and international investors in the future. Brevan Howard's founder Alan Howard stated, "The long-term partnership with Lunate reflects our deep commitment to the region."
Expansion of Brevan Howard's Operations in UAE
Brevan Howard opened a regional office in ADGM in early 2023, which has become the firm's largest office by assets globally. During the AIM Conference in Dubai in 2024, it was mentioned that significant amounts of crypto trading are conducted from the UAE, supported by sensible regulations in the country. Ryan Taylor, group head of compliance at Brevan Howard, noted, "The regulators in the UAE are hard, but they want the industry to fly."
The establishment of the strategic partnership between Lunate and Brevan Howard marks a significant step in the investment sector, offering new opportunities for clients in alternative assets and digital technologies.
