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Abu Dhabi Partners With Hedge Fund Business, Infrastructure Group

Editorial Staff

9 August 2021

The 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.