UAE: Alternative investment manager Lunate, which has several Shariah fund offerings, is partnering hedge fund manager Brevan Howard to establish an investment platform to be domiciled in the Abu Dhabi Global Market (ADGM), subject to regulatory approval. Lunate, with US$110 billion in AuM, will commit an initial US$2 billion in the platform via a suite of exclusive newly-created funds leveraging on Brevan Howard's existing strategies and investment capabilities including macro and digital assets. Lunate will also acquire a minority ownership stake in Brevan Howard, marking its expansion into hedge funds.
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