It has been a busy couple of weeks for the Aditum Group. Having just partnered with PIMCO, the firm with deep expertise across public and private markets for active fixed income, Aditum has now revealed it has exceeded $9billion in assets under management (AUM).
Achieving this major milestone has been made possible in large part due to Aditum Investment Management Limited, the firm’s DIFC-based headquarters, which has a total of $8.8billion of AUM. Furthermore, its DIFC-based fund platform, which was recently boosted by a large active fixed income manager using the platform, has now crossed $300 million.
“We are proud of the growth we have achieved,” said David Marshall, senior executive officer at Aditum. “The core operating platform has gone from strength to strength and our newly licensed office in Saudi Arabia is expected to open up exciting opportunities.
“In the UAE, we now have 19 funds approved, with many managed by top-tier global investment firms. We expected to add up to a further five, subject to regulatory approvals and client demand, so will be looking for continued expansion in the second half of the year.”
Expanding investment offerings
The news follows the Aditum Investment Management partnership with PIMCO at the end of June. The collaboration aimed to make two of PIMCO’s Income investment strategies available to wealth investors in the UAE via Aditum Feeder Funds.
Aditum has established two Feeder Funds under its Global Access ICC fund platform: the PIMCO GIS Income Fund Open Ended IC Plc and PIMCO Balanced Income and Growth Fund Open Ended IC Plc, which will invest respectively in PIMCO’s underlying Income and Balanced Income & Growth strategies.
The two Feeder Funds are registered as public funds with the Dubai Financial Services Authority and are available to wealth investors in the UAE.
