Davidson Kempner Joins the Rush of Hedge Funds to Abu Dhabi (1)

US fund manager Davidson Kempner Capital Management is expanding its international footprint into Abu Dhabi, where it is joining a fast-rising number of hedge funds setting up shop in the Emirate.

The investment firm, which manages over $37 billion of assets, has selected Abu Dhabi’s International Financial Centre for its eighth office, according to a statement seen by Bloomberg News. It’s part of a strategy to build “deep local networks” where it invests, said Chief Investment Officer Tony Yoseloff in the statement.

Davidson Kempner will use the new office as a base to deploy capital into the wider Middle East ...