Macro hedge fund Deem Global has secured approximately $1bn from the Abu Dhabi Investment Council, highlighting continued institutional demand for discretionary macro strategies and Abu Dhabi’s growing importance as a source of hedge fund capital, according to Bloomberg.
The investment was made before the London-based manager closed to new investors earlier this year, Bloomberg reported, citing people familiar with the matter. ADIC, an independently managed arm of Mubadala Investment Company, has not disclosed the financial terms.
Founded by former Brevan Howard portfolio manager Asfandyar Nadeem, Deem Global has grown assets under management from around $300m at its 2022 launch to approximately $3.8bn, driven by strong performance and institutional inflows.
The investment also reflects Abu Dhabi’s increasing role in the hedge fund industry. ADIC has reportedly explored building a hedge fund portfolio worth up to $15bn and recently participated in ExodusPoint Capital Management’s $2bn capital raise.
Deem Global is expected to reopen to new investors in early 2027 after temporarily closing following its rapid asset growth.