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

Asfandyar Nadeem's hedge fund, Deem, has secured a substantial $1 billion in new capital from Abu Dhabi’s Investment Corporation of Dubai (ADIC). This influx of funds comes at a time when there's a notable increase in demand for macro investment strategies. The move underscores Abu Dhabi's ambition to become a pivotal player in the global hedge fund industry, reflecting broader regional efforts to diversify its economy and bolster its financial services sector. This significant capital injection could enhance Deem's ability to execute its macro strategies on a larger scale, impacting global markets.