The investment comes as the hedge fund expands its assets to USD 14.5 billion and underscores Abu Dhabi’s growing appetite for alternative investment strategies.

Abu Dhabi Investment Council (ADIC) has joined a USD 2 billion capital raise by US hedge fund ExodusPoint Capital Management. This highlights the emirate’s continued push into alternative investments and hedge funds.

The fundraising increases ExodusPoint’s total assets under management to approximately USD 14.5 billion, according to Bloomberg. The New York-based hedge fund, founded by Michael Gelband in 2018, reportedly attracted fresh capital after delivering an 18% return in 2025, its strongest performance to date.

Why You Should Care

The investment reflects Abu Dhabi’s ongoing effort to expand its exposure to alternative asset classes as global investors increasingly turn to multistrategy hedge funds for diversification and more consistent returns.

For the emirate, the move also signals continued deployment of capital into international investment opportunities. The investment also comes as multistrategy hedge funds attract increasing institutional capital globally. 

ExodusPoint’s latest fundraising follows a broader trend across the hedge fund industry, where multistrategy firms have emerged as one of the fastest-growing segments. These firms typically allocate capital across multiple trading strategies and asset classes, helping investors reduce dependence on a single market theme.

The USD 2 billion fundraising increases ExodusPoint’s assets under management to approximately USD 14.5 billion. The New York-based hedge fund, founded by Michael Gelband in 2018, secured the new capital after delivering an 18% return in 2025, its strongest annual performance on record.

ADIC, an independent unit within Abu Dhabi’s sovereign investment ecosystem, was among the investors participating in the raise, according to Bloomberg. Representatives for both ExodusPoint and ADIC declined to comment.

The fundraising marks ExodusPoint’s first major capital raise since 2023, when it reportedly attracted around USD 1 billion. The firm has been expanding its equities business alongside its established fixed-income platform.

The Ripple

The investment reflects a broader shift in how Abu Dhabi’s sovereign investors are deploying capital. Under CEO Saeed Al Mazrouei, ADIC has expanded its focus on areas including hedge funds, private credit, insurance, and secondaries.

The deal also aligns with growing interest in multistrategy hedge funds globally. According to data cited by Bloomberg, assets managed by such firms rose by USD 92 billion last year to reach USD 595 billion, driven by both investment gains and fresh inflows.

Other Abu Dhabi institutions have also increased exposure to hedge funds. Abu Dhabi Investment Authority (ADIA), for example, has expanded allocations through separately managed accounts across multiple hedge fund managers.

What to Watch

As competition for institutional capital intensifies, Gulf sovereign wealth funds are likely to remain important sources of funding for global alternative asset managers.

ADIC’s backing of ExodusPoint suggests Abu Dhabi remains committed to expanding its exposure to hedge funds, even as some of the industry’s largest firms limit new capital in an effort to protect performance. The trend could create additional opportunities for mid-sized managers seeking long-term institutional investors.