Asset Management
Abu Dhabi Partners With Hedge Fund Business, Infrastructure Group

Such moves highlight how financial hubs such as the Abu Dhabi Global Market (ADGM), and the Dubai International Financial Centre, among others, continue to compete for international business.
The Abu
Dhabi Investment Office has partnered with hedge fund firm
Florin
Court Capital and investment group Tribe
Infrastructure Group as part of its AED2 billion ($545
million) Innovation Programme.
The two partnerships support the growth of the companies’
capabilities and international footprint from Abu Dhabi, while
expanding the quantitative asset management, trading and advisory
base of the emirate’s financial sector, the ADIO said in a
statement last week.
“The rapid pace of development in Abu Dhabi’s booming financial
services sector gives rise to novel opportunities and creates
access for existing and new players in the market,” H E Dr Tariq
Bin Hendi, director general of ADIO, said.
Such moves highlight how financial hubs such as the Abu Dhabi
Global Market (ADGM), and the Dubai International Financial
Centre, among others, continue to compete for international
business.
Florin Court will establish its new trading, research and
operations hub in the ADGM. Tribe is also expanding from its ADGM
base, where it has its headquarters.
Set up in London and founded in 2017, Florin Court
specialises in the quantitative trading of alternative markets.
Tribe, which was founded in the UAE in 2011, is an active financial advisor and developer. It has had its headquarters in the ADGM since 2016.