Dovehouse Capital, founded by Danish entrepreneurs Claus Gotthard and Martin Rasmussen, is set to become what the team calls Abu Dhabi’s first locally established hedge fund, and it has big AUM expectations, according to a report by Spear’s.
The firm will operate out of ADGM, leveraging the emirate’s international financial infrastructure and English common law framework.
The fund’s strategy has three components: 60% in high-conviction, long-only equities guided by the Piotroski F-score; 20% in S&P 500 futures trades enhanced by machine learning; and 20% in tactical allocations, including commodities and opportunistic short positions. Early simulations using the founders’ capital delivered a 74% return last year.
With $80–150m in initial commitments from Emirati family offices and wealth managers, Dovehouse co-founders Mark Benn and Hind Akel join Gotthard and Rasmussen in targeting multi-billion-dollar assets under management within three years, despite current regional market uncertainties.
