Dubai, 28 January 2026 - Magellan Capital, a Dubai-based diversified investment manager focusing on high quality and deep-value businesses across the capital spectrum, today announced the launch of the Magellan Absolute Return SPC with $975 million of public markets assets.
This flagship debut opens the fund to third-party capital for the first time in its history. This announcement represents a significant expansion from Magellan Capital's soft launch in August 2024, when the firm announced plans for a $700 million multi-strategy hedge fund. The Magellan Absolute Return Fund is currently anchored entirely by in-house capital from the firm's ultimate beneficial owner, demonstrating strong alignment of interests between management and future investors.
The fund comprises a myriad of strategies, including Global Macro, Emerging Market Credit, Long-Only and Long-Short Equity strategies. It seeks to deliver superior uncorrelated risk-adjusted returns by focusing on identifying mispricings created by structural, behavioural, or liquidity-driven inefficiencies across global capital markets.
The hedge fund offers investors direct exposure to Magellan Capital's public markets strategies alongside the firm's principal capital, creating alignment between the manager and its limited partners. It aims to serve institutional investors, family offices, and high-net-worth individuals.
The fund will be led by Ahmed Omar, Chief Executive and Chief Investment Officer of Magellan Capital, responsible for leading the firm’s strategic direction, investment activity and institutional growth. The fund is underpinned by a highly experienced and diverse team, including seasoned investment professionals with over 100 years of combined experience at leading global institutions, on both the buy-side and sell-side.
“Opening the fund to external capital marks an important milestone for Magellan that will broaden the offering to the investor base,” commented Ahmed Omar, Chief Executive of Magellan Capital. “We built this platform to provide family offices and institutional allocators with institutional-quality access and execution without the overhead of building in-house investment teams. Our multi-asset approach allows us to shift positioning as market conditions evolve, preserving liquidity and maintaining portfolio balance across cycles.”
About Magellan Capital
Magellan Capital is a diversified investment manager and financial advisory firm regulated by the Dubai Financial Services Authority (DFSA). Headquartered in Dubai, with affiliated offices in London and Abu Dhabi, Magellan Capital bridges regional capital flows, delivering institutional execution with entrepreneurial agility. The firm possesses a broad range of investment management capabilities spanning the entire private capital and public capital spectrum, with a focus on Europe and the GCC. Magellan Capital invests in high-quality businesses and compelling value opportunities, offering private capital, investment management and advisory solutions to entrepreneurs and middle market companies. The platform is backed by a team with over 100 years of experience across private and public markets at leading global institutions. https://www.magellancapital.com/.
