Dubai is seeing a boom in hedge funds setting up shop in the city, according to a report by Arabian Business. The report cites data from Dubai International Financial Center as confirming that the numbers of funds setting up shop is unprecedented.
Recent big name moves to the Middle Eastern city include Brevan Howard, Carrhae Capital, Cresen Capital and Lighthouse Partners. Blue Owl Capital and Walleye Capital have also recently completed their registrations, according to the report.
The report also added that DIFC saw a 54% increase in total number of hedge funds setting up within the Centre and that approximately two thirds of DIFC-based hedge funds originate from the US and UK, including two of the world’s ten largest hedge funds.