Cohesion Asset Management said in a statement today (10 December) that it has received Financial Services Permission to relocate its investment management to Abu Dhabi Global Market (ADGM).
Cohesion specialises in Indian equities, with flagship fund Cohesion MK Best Ideas launched in August 2020.
Cohesion, in partnership with Madhu Kela, said the fund has limited capacity but is currently open for subscriptions with a minimum investment of $1m.
Spike Hughes (pictured), founder & CEO said its move to ADGM was in response to the needs of institutional and family office investors.
“It is clear they wanted the very highest standards of regulatory oversight, and this is why we moved here. ADGM has already demonstrated the most exacting standards during our onboarding process but also proved to be engaging partners who have been keen to help.”
Welcoming Cohesion to ADGM, Arvind Ramamurthy, chief market development officer at ADGM, of ADGM said: “We are thrilled to welcome Cohesion to ADGM, further cementing its reputation as a global financial hub and its growing prominence as a leading financial hub.
"Cohesion’s decision to establish a presence here reflects the confidence international firms have in our robust regulatory framework, innovative ecosystem, and the strategic advantages Abu Dhabi offers.
"As we continue to attract top-tier financial institutions, ADGM remains committed to fostering collaboration, enhancing global connectivity, and driving the delivery of world-class financial solutions that support sustainable economic growth across the region.”
