Deem Global Raises $1 Billion From ADIC as Abu Dhabi Pushes Deeper Into Macro Funds
Updated
Updated · Bloomberg · Jul 10
Deem Global Raises $1 Billion From ADIC as Abu Dhabi Pushes Deeper Into Macro Funds
2 articles · Updated · Bloomberg · Jul 10
Summary
$1 billion in fresh capital has gone to Deem Global from the Abu Dhabi Investment Council, giving Asfandyar Nadeem’s macro hedge fund a major new backing boost.
The investment comes as demand for macro strategies rises, drawing more capital toward funds positioned to trade big moves in rates, currencies and global markets.
ADIC is an independently run unit of Mubadala Investment Co., linking the deal to Abu Dhabi’s broader effort to establish itself as a significant financier of the hedge fund industry.