MIDEAST BASE

Apollo’s Leon Black opens branch of his family office in Abu Dhabi

Scimitar will be located in Abu Dhabi Global Market, a growing outpost in the Gulf for hedge funds, private equity firms and family offices

International bank branches at Abu Dhabi Global Market (Getty Images)

First it was Ray Dalio. Now Leon Black, the billionaire co-founder of Apollo Global Management, has opened a branch of his family office in Abu Dhabi.Black’s new Middle East base, called Scimitar, is investing with a locally based team led by Asad...