Macro hedge fund Deem Global has raised approximately $1bn from the Abu Dhabi Investment Council (ADIC), underscoring continued institutional demand for discretionary macro strategies and Abu Dhabi’s growing influence as a major source of hedge fund capital, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as revealing that the investment was made before the London-based manager closed to new investors earlier this year. ADIC is an independently managed investment arm of sovereign wealth fund Mubadala Investment Company.
Neither Deem Global nor ADIC have reportedly disclosed the financial terms of the investment. Deem declined to comment, while ADIC referred to previous statements highlighting its preference for hedge fund strategies that offer diversification, downside protection and attractive risk-adjusted returns across market cycles.
The allocation comes as macro hedge funds continue to attract strong investor interest following a period of heightened geopolitical uncertainty and market volatility. Discretionary macro strategies ranked among the industry’s strongest fundraising categories in 2025, while recent surveys indicate institutional allocators intend to further increase exposure during 2026.
Founded by former Brevan Howard portfolio manager Asfandyar Nadeem, Deem Global has been one of Europe’s fastest-growing hedge fund managers. Assets under management have expanded from around $300m at launch in 2022 to approximately $3.8bn, driven by strong performance and institutional inflows.
The firm operates with relatively long investor lock-up provisions, with most capital committed for an initial two-year period before investors can redeem up to 25% of their holdings each quarter.
The latest investment also reflects Abu Dhabi’s accelerating role as a global hedge fund investment hub.
ADIC has reportedly been evaluating plans to build a hedge fund portfolio worth as much as $15bn and recently participated in a $2bn capital raise for ExodusPoint Capital Management. Meanwhile, the Abu Dhabi Investment Authority has continued expanding its alternative investment programme, while Lunate acquired a stake in Brevan Howard Asset Management last year.
Nadeem established Deem after leaving Brevan Howard in 2019, where he served as head of global macro special opportunities. After initially managing capital for a private group of investors, he formally launched Deem Global in 2022.
The firm is expected to reopen to new investor subscriptions at the beginning of 2027 after temporarily closing the fund following rapid asset growth.
