ADAPT opens Abu Dhabi office, names Daniel Mullarkey head
Swiss relative-value manager ADAPT Investment Managers has opened an Abu Dhabi office and appointed senior research analyst Daniel Mullarkey to lead the UAE outpost.
ADAPT Investment Managers has opened an office in Abu Dhabi and began operating there this month. Daniel Mullarkey, who joined the firm as a senior research analyst, will lead the new UAE office.
The Swiss relative-value hedge fund manages about $2.1 billion. ADAPT launched its flagship fund in March 2020 and reported $2.11 billion in assets under management at the start of August.
Abu Dhabi is the firm’s fourth location, joining offices in Geneva, Zug and New York. The new office will serve as a base for regional research and client engagement.
ADAPT has not disclosed the size of the local staff or detailed product distribution plans for the UAE.
The firm’s flagship fund returned 1.77% in July, bringing year-to-date performance to a 0.23% gain for the first seven months of 2026.
ADAPT will continue to operate from its headquarters in Switzerland and maintain its existing offices in Europe and New York. Abu Dhabi has attracted a number of international hedge funds establishing local operations in recent years.
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