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Dubai-Regulated Aditum Launches More Local Funds
Editorial Staff
11 November 2024
, a Dubai-regulated investment firm, is launching two more locally-domiciled funds under its Aditum Global Access ICC Ltd platform. Following the rollout, Aditum now acts as fund manager to a total of eight live -domiciled funds. Those funds include the four Signature CIO Feeder Funds, Aditum’s in-house managed Global Fixed Maturity Fund 2028 and the flagship DIFC-domiciled fund, Four Quadrant Dynamic Allocation Fund OEIC Limited.
The entities are the Fundsmith Global Equity Fund IC Open Ended Plc (launched on 31 October 2024) and Aditum Islamic Income and Growth Fund Open Ended IC Plc (launched on 4 November). The second fund is an in-house managed Islamic multi-asset entity.
The organisation manages about $175 million in the DIFC and in total it has more than $7.2 billion of assets under management, as of 30 October 2024.
Dubai has been stepping up efforts to advance its standing as a funds management centre, as reported here. This move also mirrors efforts the jurisdiction is making to attract family offices.