Swiss-based ADAPT latest hedge fund to open Abu Dhabi office

Swiss hedge fund ADAPT Investment Managers has become the latest among a slew of peers opening an office in Abu Dhabi as the emirate continues to attract financial firms despite the ongoing conflict in the Middle East. The $2 billion relative-value hedge fund has started operations in the Gulf city, according to a statement from the firm on Wednesday. The new base, which will be led by Daniel Mullarkey who recently joined as a senior research analyst, is the money manager’s fourth office, after…