Brevan Howard co-founder Natsis moves to UAE in Middle East push

Brevan Howard co-founder Natsis moves to UAE in Middle East push

Dubai: Brevan Howard Asset Management co-founder Trifon Natsis has relocated to Abu Dhabi as part of the company’s plans to expand in the UAE, which is fast becoming a major hub for hedge funds. The Jersey, Channel Islands-based investment firm, best known for macro trading and a recent push into digital assets, has also moved portfolio manager Mitesh Gupta to its new outpost in the UAE capital, according to people with knowledge of the matter. The firm is sounding out other employees from trading, risk, sales and marketing about moving to the region where it eventually plans to have about 100 people, the people said, asking not to be identified because the details are private. A spokesman for Brevan Howard declined to comment. The move follows efforts by Abu Dhabi, whose sovereign wealth funds oversee some $1.5 trillion, to draw in more international foreign money and financial firms. Ray Dalio is setting up a branch of his family office in Abu Dhabi Global Market, the emirate’s international financial free zone, which has wooed a cadre of big hedge funds, venture capital firms and crypto companies this past year. In May, Abu Dhabi said it plans to expand ADGM tenfold to