The Bloomberg-reported allocation lifts the macro hedge fund’s assets under management to about $3.8 billion as ADIC expands its target exposure to macro hedge funds to about $15 billion.
Macro hedge fund Deem Global has received about $1 billion from the Abu Dhabi Investment Council, increasing its assets under management to about $3.8 billion, Bloomberg reported. The allocation signals a broader push by ADIC, an independent entity under sovereign fund Mubadala, to raise its exposure to macro hedge funds to about $15 billion. London-based Deem was launched with $300 million in 2022 and plans to reopen fundraising as early as next year.