Abu Dhabi continues to snag asset managers away from previous finance hotspots

Brevan Howard runs almost third of its assets from Abu Dhabi: Investment firm BrevanHoward now manages a third of its assets — some USD 10 bn — from its newly established office in the Abu Dhabi Global Market, more than it manages from its London or New York offices, Bloomberg reports, citing people in the know. Inaugurated in February, the asset manager’s office now comprises 80 people, with plans for an additional floor.

Also getting some ink:The UAE’s USD 35 bn investment in Egypt’s Ras El Hekma has fueled talks between Saudi and Egyptian officials for a separate land investment, after Egypt also secured an USD 8 bn rescue package from the International Monetary Fund, Bloomberg writes.