Tyrus Hedge Fund Relocates to Abu Dhabi, Closes London Office

Tyrus Capital, a hedge fund founded by Tony Chedraoui, is relocating its London office to Abu Dhabi. The firm has incorporated an Abu Dhabi Global Market entity and some London staff have been offered the chance to move to Abu Dhabi, Monaco, or Spain. This move joins the trend of investment firms setting up in Abu Dhabi and Dubai to take advantage of tax-free status and favorable trading conditions.

Tyrus Capital, a hedge fund founded by Tony Chedraoui, is relocating its London office to Abu Dhabi. The firm has incorporated an Abu Dhabi Global Market entity and some London staff have been offered the chance to move to Abu Dhabi, Monaco, or Spain. This move joins the trend of investment firms setting up in Abu Dhabi and Dubai to take advantage of tax-free status and favorable trading conditions [2].

The UAE's strategic advantages, including zero personal income tax, capital gains tax, and inheritance tax, make it an attractive destination for ultra-high-net-worth individuals (UHNWIs) seeking to diversify their wealth [2]. The country's geopolitical stability and cutting-edge infrastructure further enhance its appeal. In 2024, the Dubai International Financial Centre (DIFC) reported a 33% surge in family office-related entities, hosting 410 wealth management firms and managing over $1.2 trillion in assets [2].

Abu Dhabi's real estate market has also seen significant growth, with $112 billion in investments in 2023 alone [2]. The city's vision to become a regional hub for smart mobility and innovation is evident in the expansion of autonomous vehicle services, such as the Robotaxi fleet operated by WeRide and Uber, which now covers half of Abu Dhabi’s urban core [3].

Tyrus Capital's relocation is part of a broader trend of investment firms setting up in the UAE to leverage its tax-free status and favorable trading conditions. The move is expected to provide the firm with a more efficient and cost-effective operational structure, as well as access to new investment opportunities in the region [2].

For investors, the message is clear: the time to consider UAE-based family offices and wealth management strategies is now. The region's agility, coupled with its global connectivity, ensures that it will remain a cornerstone of the global wealth landscape for years to come [2].

References:
[1] https://finimize.com/content/mixed-fortunes-for-abu-dhabi-and-dubai-stocks-on-earnings-day
[2] https://www.ainvest.com/news/uae-global-wealth-haven-dubai-abu-dhabi-outpacing-traditional-hubs-2025-2507/
[3] https://www.benzinga.com/markets/tech/25/07/46682004/weride-and-uber-expand-robotaxi-reach-in-abu-dhabi