Abu Dhabi, UAE — Lunate, a UAE-based global alternative investment manager with $110 billion in assets under management (AUM), has announced a long-term strategic partnership with Brevan Howard, one of the world’s most successful hedge fund managers with $34 billion AUM. The partnership will establish a new investment platform domiciled in Abu Dhabi Global Market (ADGM), subject to regulatory approval, and will include funds dedicated to macro and digital assets.
Under the agreement, Lunate has committed $2 billion to launch exclusive funds with Brevan Howard, combining its capital with the hedge fund’s proven investment strategies. Over time, additional capital is expected to be raised from local and international investors.
As part of the deal, Lunate will also acquire a minority stake in Brevan Howard, marking its expansion into hedge funds and broadening its investment offerings to clients in the GCC and globally. Khalifa Al Suwaidi, Managing Partner at Lunate, described the move as part of the firm’s mission to partner with world-class investment houses and provide clients access to unique, diversified strategies.
Brevan Howard, founded by billionaire investor Alan Howard, has already established a strong footprint in the UAE. Its ADGM office, launched in early 2023, has become its largest by assets managed worldwide, employing over 100 staff. The firm conducts a significant share of its crypto trading — valued at around $2 billion of its total $30+ billion strategies — from the UAE, citing the country’s pragmatic regulatory framework.
In addition, Brevan Howard Digital has been actively expanding in the region. Earlier this year, it deployed $20 million on Kinto, a blockchain-based DeFi portal designed for financial institutions, reflecting its ongoing commitment to regulated on-chain finance.
Alan Howard welcomed the deal, stating: “The long-term partnership with Lunate reflects our deep and ongoing commitment to the region, and we look forward to building on this foundation over time.”
