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Lionhart receives licence to open office in Dubai

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Lionhart (Middle East), part of an alternative investment management group that specialises in global multistrategy arbitrage, has gained regulatory approval from the Dubai Financial Servi

Lionhart (Middle East), part of an alternative investment management group that specialises in global multistrategy arbitrage, has gained regulatory approval from the Dubai Financial Services Authority to open an office in the Dubai International Financial Centre.

The Dubai office will be headed by senior executive officer Jim Quinn, who has more than 20 years’
experience in the asset management industry and 10 years in the Gulf region, and is the culmination, Lionhart says, of many years of investing in the Middle East.

The firm believes that the increasing sophistication of Gulf investors and the rapid development of the region’s economies mean it is set to play an increasingly important role in the global market, and says the opening of the office represents a long-term commitment to the Gulf.

‘Our global expansion continues with the launch of our Gulf operations,’ says Lionhart founder and chief executive Terry Duffy. ‘We feel strongly that our record of achieving strong and consistent non-correlated returns while maintaining a core commitment to preservation of investor capital fits well with the appetites of investors in the Gulf.’

Adds Quinn: ‘I am delighted to be announcing the launch of Lionhart’s first office in the Middle East. Gulf investors were amongst the first in the world to see the advantages of hedge fund products, and we believe that the DIFC represents the ideal base for our regional headquarters.’

Established by Duffy in 1993, Lionhart Investments is a multistrategy hedge fund manager that manages assets totalling some USD800m globally in various strategies and funds, including private equity vehicles.

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