Simmons & Simmons has advised Abu Dhabi Financial Group on the establishment of Goldilocks Investment Company Limited (“Goldilocks”), the first fund incorporated in the Abu Dhabi Global Market, the international financial centre in Abu Dhabi.

Goldilocks is an open-ended constructive activist fund and the firm helped Abu Dhabi Financial Group, a leading investment group headquartered in Abu Dhabi, to structure this one of a kind fund and its management arrangements and assisted with liaising with the Abu Dhabi Global Market regulator.

Lead partner James Coleman commented “We are honoured to have been involved in establishing the Goldilocks fund for Abu Dhabi Financial Group. It is a market-leading investment vehicle allowing the group to seek out opportunities in equity markets and generate returns through the implementation of an activist strategy. We greatly enjoyed assisting our client to navigate the regulatory landscape in the new Abu Dhabi financial centre for this new platform”.

Relationship partner at the firm for the Abu Dhabi Financial Group, Haitham Hawashin, added, “We are very pleased to have supported Abu Dhabi Financial Group on achieving a successful launch of the Goldilocks Fund, another example of a long line of firsts achieved by our client. The transaction involved advice being provided by our market leading global funds practice with our regional experts working seamlessly with the London hedge fund team.”

The Simmons & Simmons team was led by partners James Coleman and Haitham Hawashin, assisted by supervising associate Ursula Goniszewska and associates Sam Khajeei Noor Al-Heialy and Hatem Abbas.