Man Group, the world’s largest publicly traded hedge fund manager, has joined the growing ranks of global investment firms establishing a physical presence in the United Arab Emirates. The London-listed firm, which manages over $228.7 billion in assets, is opening an office within the Abu Dhabi Global Market (ADGM) and has formally applied for a Category 3A license to operate in the region.
The firm described this move as a critical step in its Middle Eastern expansion, intending for the Abu Dhabi location to serve as a strategic regional hub. This development highlights a broader trend of major alternative investment players—including Bain Capital, Barings, and Rokos Capital Management—flocking to the emirate to better engage with Middle Eastern investors and sovereign wealth funds.
In a parallel move on the same day, Capital Group also announced its intention to launch its first Middle Eastern office at ADGM later this year. The simultaneous arrivals of these high-profile financial institutions underscore Abu Dhabi’s increasing status as a premier destination for global asset management.
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