Two Hong Kong-based firms, Welwing Capital and Jetha Global, have joined the growing list of hedge funds in Dubai, as the emirate’s International Finance Centre continues to see an influx of investment firms, according to a report by Bloomberg.
Welwing Capital, a macro-focused hedge fund, recently secured a license from the Dubai Financial Services Authority (DFSA), reflecting the increasing interest from Asian hedge funds in the region.
Similarly, Jetha Global, a tech-focused hedge fund founded by Karan Danthi, a former senior partner at Tybourne Capital, is relocating its operations from Hong Kong to Dubai. The fund, which reported an impressive 38% return in 2024, aims to complete the move by March.
These firms join prominent players like Dymon Asia Capital and Asia Research & Capital Management, which have also established a presence in the emirate.
Dubai’s appeal is attracting not only Asian funds but also some of the world’s largest hedge fund giants. Firms including Millennium Management and Balyasny Asset Management have already bolstered the industry’s presence in Dubai, where the headcount of hedge fund professionals now exceeds 1,000.
