A significant trend has emerged as hedge fund firms increasingly relocate their operations to Dubai and Abu Dhabi. This movement is largely driven by the desire to retain top talent in the face of escalating regional conflicts. For instance, Danny Yong, a veteran hedge fund manager at Dymon Asia Capital, recently lost a potential hire...
Hedge fund leaders, including prominent figures like Ken Griffin and Paul Singer, convened in Abu Dhabi for a private event organized by Goldman Sachs Group Inc. The gathering focused on the substantial financial resources available in the Middle East, particularly as US investors prepare for potential recession risks. The meeting highlighted the growing appeal of...
Goldman Sachs recently held an exclusive hedge fund summit that showcased Abu Dhabi’s increasing importance in the global finance sector. This event focused on the city’s strategic moves, which include significant investments and collaborations in various industries. During the summit, participants discussed Abu Dhabi’s latest deals in the United Kingdom, highlighting the emirate’s expanding footprint...
Billionaire Michael Platt’s private investment firm, BlueCrest Capital Management, has obtained full regulatory authorization from the Dubai Financial Services Authority (DFSA). This approval allows the firm to hire traders and manage capital from Dubai, a city that has increasingly become a hub for money managers in recent years. According to sources familiar with the situation,...
Dubai is undergoing significant regulatory reforms aimed at enhancing its status as a growing hub for hedge funds. The Dubai Financial Services Authority (DFSA) is conducting a thorough review of existing regulations to reduce unnecessary burdens and lower entry barriers for financial firms. One of the key proposals from the DFSA includes reducing the minimum...
Dubai is set to open a dedicated building, known as the DIFC Hedge Funds Centre, specifically designed for hedge fund startups aiming to expand into the city. This initiative reflects Dubai’s growing reputation as a hub for the hedge fund sector and is expected to result in 20 to 30 contracts being signed by the...
Dubai’s hedge fund sector has experienced significant growth, increasing the number of operating hedge funds to 75. This surge comes as the emirate welcomes new multi-billion dollar firms, including Tudor Investment Corp and Walleye Capital. In addition to these prominent firms, Dymon Asia and JJJ Capital also established offices in Dubai last year, further enhancing...
Cheyne Capital’s hedge fund for Europe, the Middle East, and Africa is significantly increasing its investment in the United Arab Emirates, viewing it as the most resilient equity market amid uncertainties linked to US President Donald Trump’s policies. Fund manager Carl Tohme highlighted that the UAE’s currency peg to the dollar plays a crucial role...