Tuesday, February 21, 2023 – 11:11 PM
ABU DHABI, 21st February, 2020 (WAM) — The Abu Dhabi Global Market celebrated four years since the opening of the “Winton Capital” office in Abu Dhabi, which is the most prominent global hedge fund in the United Arab Emirates.
On this occasion, His Excellency Ahmed Jassim Al Zaabi, Chairman of the Abu Dhabi Global Market, visited the company’s offices to discuss its plans for growth and expansion in the asset management sector in Abu Dhabi, and to search for sustainable opportunities for the UAE’s economic diversification plans.
Winton Capital, founded by David Harding, is the leading global hedge fund headquartered in the UAE. Adam Kamyar, Winton’s Middle East and Asia Pacific office manager, leads the company’s Abu Dhabi team.
David Harding founded Winton Capital in 1997, a $10 billion quantitative investment management company that specializes in managing assets on behalf of the world’s leading investors. Winton Capital began studying the GCC markets in 2016. Then, it launched its systematic expansion strategy in the region in 2018, and then opened its office in the Abu Dhabi Global Market in 2019. Winton is currently implementing its plans to grow the business of its office in the Abu Dhabi Global Market, with a focus on strengthening its investment capabilities in the region.
Asset management represents one of the main sectors that ADGM focuses on.. In order to enhance the level of growth of the sector, ADGM is looking for potential and opportunities for cooperation with “Winton” and other asset management companies.
The Abu Dhabi Global Market is a leading center for financial services and a headquarters for regional and global institutions, which makes it the preferred destination for conducting business with confidence and ease.
ADGM’s robust legal and regulatory frameworks, tailored to asset management firms, allow for a seamless architecture to operate across borders. Moreover, the frameworks provide a business-friendly environment, while maintaining optimal levels of investor protection through the direct application of common law. English.
His Excellency Ahmed Jassim Al Zaabi said: “We are pleased in the Abu Dhabi Global Market to witness the growth that Winton Capital has achieved in the region through its presence in the dynamic system of the Abu Dhabi Global Market over the past four years.. While institutions adapt to the rapid change in the economic landscape, We at Abu Dhabi Global Market believe that the Emirate of Abu Dhabi is an ideal space for investment.”
His Excellency added that by focusing on modernizing and developing regulatory rules and protecting investors, the Abu Dhabi Global Market provides a comprehensive system for asset management companies such as Winton, thus creating an attractive business environment in the capital of the United Arab Emirates.
David Harding, Founder and CEO of Winton, said: “Establishing a headquarters in Abu Dhabi Global Market was a natural choice for Winton, given the strong relationships we have forged in the region over the past two decades, and Abu Dhabi’s focus on excellence and innovation.
Awad Mokhtar / Ramy Samih / Zakaria Mohieldin
