Abu Dhabi Financial Group (ADFG) has become the first company to launch a fund through the Abu Dhabi Global Market (ADGM), the Goldilocks Investment Company.
The AED735 million ($200 million) ADFG-managed Goldilocks fund aims to seek out equities with a “compelling risk/reward profile”, the company said in a statement.
It added that Goldilocks is open to regional and international investors, providing access to a pioneering investment strategy billed “constructivism” – a first for the region.
Over the last year, ADFG’s capital markets business, Integrated Capital, has invested in a similar strategy, delivering returns in excess of 120 percent, it said.
Jassim Alseddiqi, CEO of ADFG, said: “Through Goldilocks, ADFG will continue to seek out opportunities in equity markets where it can positively transform a company’s fortune, revitalising the business strategy and providing the impetus to spur it on to future success.”
Ahmed Al Sayegh, chairman of ADGM, added: “Homegrown entities and stakeholders have always been one of the vital and sustaining pillars of international financial centres. As an IFC and financial regulator, ADGM is committed to provide a robust eco-system and reliable regulatory framework aimed at attracting a wide variety of leading companies and investment funds that add vibrancy to our marketplace in Abu Dhabi and the UAE.”