{"id":89829,"date":"2024-03-08T00:00:00","date_gmt":"2024-03-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/abu-dhabi-continues-to-snag-asset-managers-away-from-previous-finance-hotspots\/"},"modified":"2024-03-08T00:00:00","modified_gmt":"2024-03-08T00:00:00","slug":"abu-dhabi-continues-to-snag-asset-managers-away-from-previous-finance-hotspots","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/03\/08\/abu-dhabi-continues-to-snag-asset-managers-away-from-previous-finance-hotspots\/","title":{"rendered":"Abu Dhabi continues to snag asset managers away from previous finance hotspots"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Brevan Howard runs almost third of its assets from Abu Dhabi:<\/strong> Investment firm <a target=\"_blank\" href=\"https:\/\/www.brevanhoward.com\/\" style=\"\" rel=\"noopener\">Brevan<\/a><a target=\"_blank\" href=\"https:\/\/www.brevanhoward.com\/\" style=\"\" rel=\"noopener\">Howard<\/a> now manages a third of its assets \u2014 some USD 10 bn \u2014 from its newly established office in the Abu Dhabi Global Market, more than it manages from its London or New York offices, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-07\/brevan-howard-builds-abu-dhabi-outpost-into-a-10-billion-hub\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports, citing people in the know. Inaugurated in February, the asset manager\u2019s office now comprises 80 people, with plans for an additional floor.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also getting some ink:<\/strong>The UAE\u2019s USD 35 bn investment in Egypt\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/dbe49f21-fe72-4a60-a400-bfa1be504934\/ADQ-to-invest-USD-35-in-Egyptian-coastal-area-development\" style=\"\" rel=\"noopener\">Ras El Hekma<\/a> 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, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-07\/egypt-at-centre-of-gulf-power-play-as-saudi-arabia-uae-weigh-investments?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> writes. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Also: Saudi Arabia is eyeing more investments in Egypt following the UAE\u2019s Ras el Hekma investment<\/p>\n","protected":false},"author":1,"featured_media":89830,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1551],"tags":[23,7,594,118,1397,41],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89829","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uae-in-the-news","tag-egypt","tag-enterpriseam-uae","tag-imf","tag-saudi-arabia","tag-uae","tag-uae-in-the-news","wpautop","entry"],"acf":{"mongo_id":"a66d5bc8-f2e5-433f-bdaf-d0ec78b84ef6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/695.jpg","photo_position":"below","homepage_title":"","full_issue_title":"Brevan Howard\u2019s Abu Dhabi office now runs nearly a third of its assets","related_issue":[89811],"teaser":"Also: Saudi Arabia is eyeing more investments in Egypt following the UAE\u2019s Ras el Hekma investment","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.b2383c50-9562-47b7-8827-5bb2563c7142.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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