reaching out

Lunate buys $2 billion minority stake in London’s Brevan Howard

The venture established by the two asset managers will be based at the Abu Dhabi Global Market and oversee funds tailored to global investors 

thehrobserver-hrobserver-adgm

getty images

Office towers at the Abu Dhabi Global Market

Abu Dhabi is pouring $2 billion into hedge fund powerhouse Brevan Howard to anchor a new investment hub in the Gulf.

The deal was set in motion by Abu Dhabi-owned asset manager Lunate’s agreement to acquire a minority stake in Brevan Howard...