Abu Dhabi Global Market (ADGM) has recently embarked on a trade mission to the United States in response to increasing interest from major US-based global asset managers in the hedge fund, private equity, and venture capital sectors. The delegation, led by distinguished ADGM executives, engaged in discussions with 40 hedge funds, private equity funds, and venture capital firms during the iConnections Global Alts 2024 event in Miami.
The objective of the roadshow is to establish new partnerships, facilitate connections, and reinforce ADGM’s position as a leading international financial centre. ADGM’s Chief Market Development Officer, Arvind Ramamurthy, highlighted the significant influx of global asset managers establishing operations in Abu Dhabi, such as Brevan Howard, Apollo, NinetyOne, and others. The interest from major global funds in the US has led to ADGM being invited to share insights on the unique opportunities and advancements in the financial sector in Abu Dhabi.
The UAE, particularly Abu Dhabi, has witnessed a considerable increase in global asset and fund management entities in recent years. ADGM has experienced remarkable growth in the asset management sector, with established global names contributing to a 52% growth in assets under management (AUM) in Q3, 2023. During Abu Dhabi Finance Week 2023, 14 major financial institutions committed to establishing new operations in ADGM, representing a total AUM of USD 452 billion.
The success of the US roadshow reaffirms ADGM’s commitment to fostering international connections and showcasing Abu Dhabi’s growing recognition as a catalyst for growth and innovation in the global business community. As the global business landscape continues to evolve, ADGM remains dedicated to promoting Abu Dhabi’s appeal as a comprehensive financial hub.
For more information, please refer to the original press release from ADGM. [Include the link to the original press release and the provided logo]
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