Abu Dhabi has already drawn the likes of Brevan Howard Asset Management and Marshall Wace as it established itself as a burgeoning hub for hedge funds. Now, a new group of heavyweights are looking to join the mix.
Hillhouse Investment Management and CPE — the Chinese firm formerly known as Citic Private Equity — have held early-stage talks on setting up offices in Abu Dhabi, according to people familiar with the matter. A representative for the city’s financial freezone, ADGM, now expects two private equity firms from Asia to set up a base there shortly.
The moves show there’s a ...
