Multi-strategy hedge fund ExodusPoint Capital Management has continued to build out its operations in the Middle East with the addition of three new Portfolio Managers to its office in Dubai, according to a report by Bloomberg.

The report cites an unnamed source familiar with the matter as confirming that the new PMs are Valery Ivanov, who has joined from Steve Cohen’s Point72 Asset Management as an equity long/short manager focused mainly on the consumer sector; Omar Soomro, who previously worked with Garda Capital Partners and Moore Capital Management and will trade emerging markets; and macro trader Rob Kitchen, who has joined from Amia Capital, having previously worked at BlueCrest.

ExodusPoint, which manages around $12bn, is one of a number of high-profile hedge funds either setting up or expanding their operations in the UAE, with Izzy Englander’s Millennium Management and Michael Platt’s BlueCrest both operating in Dubai, while Brevan Howard Asset Management has set up shop in neighbouring Abu Dhabi.