A $20 billion hedge fund from New York is signing a 10-year lease in Coconut Grove

Yet more financial firms are coming to Miami.

The latest: D1 Capital partners, a $20 billion hedge fund that has signed a 10-year lease for 25,000 square feet within Related Group’s newly completed 2850 Tigertail art-filled office building in Coconut Grove.

D1’s arrival represents another out-of-state financial giant betting on Miami by putting an office there. It follows Blackstone, Thoma Bravo and New York Mets owner Steve Cohen’s Point72 among firms opting for a Miami presence...