Balyasny Asset Management has continued to build out its senior team in Dubai with the appointment of Tarek Rizk, the Global Head of Alternative Investments at the Abu Dhabi Investment Authority (ADIA), as its new head of the Mena region, according to a report by Financial News.

Balyasny Asset Management has continued to build out its senior team in Dubai with the appointment of Tarek Rizk, the Global Head of Alternative Investments at the Abu Dhabi Investment Authority (ADIA), as its new head of the Mena region, according to a report by Financial News.

The report cites a memo seen by the Financial News as confirming that Rizk, who has spent over 10 years with the ADIA, will oversee the $19.5bn multi-manager, multi-strategy hedge fund's newly established operation in the Dubai International Finance Centre (DIFC), with responsibility for leading the firm's expansion across the Middle East.

Balyasny first announced its decision to establish a presence in Dubai back in November last year, joining the likes of Izzy Englander's Millennium Management, Michael Gelband’s ExodusPoint Capital Management, and Michael Platt’s private investment firm BlueCrest Capital Management, in the emirate.