Macro Hedge Fund Deem Raised $1 Billion From Abu Dhabi’s ADIC

Asfandyar Nadeem’s hedge fund has received about $1 billion in new capital from an Abu Dhabi investor, amid a surge in appetite for macro strategies and as the Gulf city...

By Liza Tetley, Nishant Kumar · Bloomberg Markets

Asfandyar Nadeem’s hedge fund has received about $1 billion in new capital from an Abu Dhabi investor, amid a surge in appetite for macro strategies and as the Gulf city accelerates its drive to become a key backer of the industry.