Pharos Financial Advisors, part of specialist emerging markets fund manager Pharos Financial Group, has been granted a license by the Dubai Financial Services Authority to operate as an
Pharos Financial Advisors, part of specialist emerging markets fund manager Pharos Financial Group, has been granted a license by the Dubai Financial Services Authority to operate as an authorised firm within the Dubai International Financial Centre.
Pharos Financial Group was founded in 1997 and focuses on Russia and the Commonwealth of Independent States.
It currently runs three funds: the Pharos Russia Fund, the Pharos Small Cap Fund and the Pharos Gas Investment Fund.
Peter Halloran, founder of the group, says: ‘We are delighted to receive a license from the Dubai Financial Services Authority, particularly as the first ever fund manager with a Russian/CIS focus to join Dubai International Financial Centre. The entire process has been straightforward and we are grateful to the authorities for their guidance. DIFC has established the highest global regulatory standards, which help to ensure our acceptance as a reliable participant in the capital markets of the Gulf Cooperation Council.’
The Pharos investment team brings more than 90 years of combined expertise in emerging markets to its new operations in Dubai.
