And record Abu Dhabi Global Market ADGM reported a significant 215 percent increase in the total volume of assets under management by the end of the third quarter of 2024 compared to the third quarter of 2023, reflecting its rapid growth path as a leading asset management center in the Middle East and North Africa region.
This growth also highlights the capabilities of the Abu Dhabi Global Market in attracting high-level asset managers, investment funds and private equity companies, which consolidates its position as a preferred destination for institutional investment around the world, as this was also reflected in the increase in the number of asset managers and funds in Abu Dhabi Global to 128, who currently manage 156 funds. By the end of the third quarter of 2024.
Among the companies that recently joined during the third quarter of 2024 are BGIM, Nuveen, and Elysium Management.
It is noteworthy that “BGIM” is an American asset management company with an investment portfolio worth $1.33 trillion, while the volume of assets under management managed by “Noveen” amounts to $1.2 trillion.
Other joining companies include Stonepeak, a leading alternative investments company specializing in infrastructure and real estate assets, in addition to Gemcorp Capital.
During the third quarter of 2024, the market witnessed… Abu Dhabi Globally, there was a 33 percent increase in the number of new licenses for companies compared to the same period last year.
