Abu Dhabi Investment Company has launched the ADIC Multi-Strategy Hedge Fund, a diversified fund of funds with a primary focus on investing across a range of underlying absolute return and relative value strategies.
Jasem Saeed Al- Zaabi, CEO, said: 'As one of the longest established dedicated investment institutions in the region, ADIC has three decades of unparalleled experience in investment management distinguished by its professionalism, dynamism, and track record. Building on this heritage, we are now deploying our expertise directly to the benefit of institutional and private investors to offer them exceptional investment opportunities and share the benefits of our knowledge. This fund underscores our commitment to offer innovative fund structures going forward covering a range of underlying asset classes, strategies, and geographic mandates'.
'The ADIC Multi-Strategy Hedge Fund is underpinned by clear objectives coupled with a rigorous investment process and risk management, and builds upon an exceptional track record in managing alternative assets portfolios' said Mohammed Salih al-Hashemi, Director of Asset Management. 'Through this Fund, investors can enjoy access to leading specialist global alternative asset managers whilst benefiting from diversification across a wide range of hedge funds strategies'.
The subscription period starts on May 1st, with ongoing subscriptions at monthly intervals at the prevailing NAV. The Fund is expected to launch with USD 60m.
ADIC is a government owned company established in 1977. It invests across a range of assets and participates in establishing leading investment projects.