Abu Dhabi Investment is raising a minority interest in a Canadian platform

The Abu Dhabi Investment Authority is on its way to acquiring a minority stake in a Canadian platform that facilitates the allocation of capital for multiple hedge funds. One of the businesses of the Sovereign Wealth Fund, worth a trillion dollar, will gradually increase its investments at the “Innocap” business to reach 10% in the coming years, according to a statement issued on Tuesday. After achieving this percentage, Mohamed Sghir Khalaf Al Qubaisi, deputy director of alternative investment division in the device, will join the company’s board. The financial details of the agreement were not unveiled. It is noteworthy that the Abu Dhabi Investment Authority is working with a broader group of hedge funds today compared to the past, according to a “Bloomberg” report. The division responsible for managing the hedge fund now has different and higher returns on returns, and it works with investment managers who offer different strategies that include stocks, strategies related to stocks, only purchase strategies, purchase and selling, quantitative and neutral market strategies. The managed accounts occupy the company ‘Anocap’ a platform for ‘managed accounts’, a mechanism that allows investors to direct their money to a variety of boxes, while providing full transparency and full control of these funds, as well as relatively lower fees. According to the statement, the Abu Dhabi Investment Agency chose ‘Anocap’ to provide such services for some of its investments in the hedge and equity funds. These works see a great wealth as they are used by large investors and hedge funds with multiple strategies to transfer money to external traders. According to the company’s website, investors have allocated approximately $ 83 billion to 340 funds through the “Anocap” platform. The company said in its statement: “Anocap shareholders recognize the clear orientation in the sector against the dedicated managed accounts, which are mainly stimulated by the dedication of institutional assignments to their credit duty.” Opening a branch in the Abu Dhabi accounts managed, which became known after the financial crisis as a way to avoid involvement in assets that are difficult to sell through transparency and controlling customers, has now become a favorite way to quickly use capital in existing businesses as well as in emerging hedge funds. About ten more than 330 teams at Millennium Management, which amounts to $ 72 billion, are foreign managers who manage the company’s money via managed accounts, according to Bloomberg. Anocap, which includes his shareholders’ list of his senior management, the ‘Caisse de Depot et Placement du Quebec’, ‘Bank of New York Mellon’, and ‘Walter Global aset Manager’ Global Asset Management, and BNP Paribas, plan to open an office in Abu Dhabi this year. The world, as capital is allocated to prominent startups, including the start -up company, Bobby Jain, which amounts to $ 5.3 billion.