Davidson Kempner Capital Management (Davidson Kempner) has become the latest major hedge fund to establish a presence in Abu Dhabi with the opening of a new office in the emirate's international finance centre, the Abu Dhabi Global Market (ADGM).

The new office is the firm's eighth, joining existing offices in New York, Philadelphia, London, Dublin, Hong Kong, Shenzhen and Mumbai.

According to a press statement, the opening of the ADGM office "funderscores Davidson Kempner’s commitment to leveraging our deep local market expertise to deliver value to our investors globally. The Firm has been an active investor in the Middle East for over a decade.

The ADGM office will be overseen by Chris Krishanthan and Naveen Sabharwal, Managing Director, European Corporates, with both having been significantly involved in Davidson Kempner’s investment activity in the region.

The list of funds with a presence in Abu Dhabi is rapidly expanding, with Hudson Bay Capital Management, Marshall Wace and Arini all having selected the capital of the United Arab Emirates for new offices in the last 12 months.