DIFC teams with AIMA as five additional hedge funds set up shop in Q2

The Dubai International Financial Centre has become the first financial hub in the Middle East, Africa and South Asia region, to partner with the Alternative Investment Management Association, which represents over 2,100 corporate members with over USD2.5tn in hedge fund/private credit assets. 

The Dubai International Financial Centre (DIFC) has become the first financial hub in the Middle East, Africa and South Asia (MEASA) region, to partner with the Alternative Investment Management Association (AIMA) which represents over 2,100 corporate members with over USD2.5tn in hedge fund/private credit assets. 

The move comes as DIFC continues to witness a strong inflow of alternative investment firms and hedge funds. Hedge fund firms establishing a regional presence in DIFC during the second quarter off the year include Balyasny Asset Management, Hudson Bay Capital, Verition Fund Management, Asia Research and Capital Management, and King Street Capital. 

The firms all have – or are planning to – relocate senior employees to DIFC to conduct portfolio management and investor relations activities.

New private equity firms establishing offices in DIFC include TPG Global, Rockpoint, and CVC Capital Partners.