Balyasny Joins Hudson Bay in Expansion to Abu Dhabi
Balyasny Asset Management plans to open an Abu Dhabi office in 2026, expanding its UAE presence after launching in Dubai in 2023.
According to Bloomberg, Balyasny Asset Management is expanding its presence in the UAE by opening a branch in Abu Dhabi, following its office opening in Dubai about two years ago.
This move aligns with the trend of fund managers increasing their investments in the region due to its growing influence. The firm has applied for permission to establish an office in the Abu Dhabi Global Market (ADGM), the city's financial free zone, according to sources familiar with the matter.
The company is expected to begin operations there in the first half of 2026, according to one of the sources who requested anonymity due to the confidential nature of the information.
The hedge fund, which manages $29 billion and follows a multi-strategy approach, currently operates in the Dubai International Financial Centre (DIFC), having opened its office there in 2023.
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Edited & Reviewed by the Ecopulse Editorial Board 1/24/2026, 21:27:21 UTC
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