New IG Prime report says Dubai and Abu Dhabi are expected to see the most hedge fund growth, and increase pressure on global regulators with their rules
Hedge funds
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Cryptocurrency
Revealed: UAE emerging as hotbed for global hedge funds as funds embrace digital assets in a big way
Most hedge funds are also participating in funding rounds involving promising firms coming up in the sector in the UAE and the region
DIFC
Dubai hedge fund boom lifts UAE economy as region’s rich look to invest
Dubai International Financial Centre authorised 10 new hedge funds last year as rising millionaire population want to invest cash and grow wealth
DIFC
Dubai hedge fund boom as international firms flock to city
Dubai International Financial Centre reports large number of hedge funds moving to city
alternative assets
Dubai strikes deal with $2.5tn hedge fund group AIMA
Dubai International Financial Centre and Alternative Investment Management Association enter agreement
DIFC
Dubai set to be hedge fund hub as 60 firms eye DIFC move amid $4.8tn market
Dubai is on the verge of becoming a global hedge fund hub with DIFC at the centre
DIFC
Five key trends shaping the financial services sector in 2023
Financial services sector outlook for 2023: Increasing demand for hedge funds, Middle East IPO boom, strengthening family businesses, emergence of Dubai as a slobal fintech capital, and accelerating climate finance in the UAE
DIFC
$9.8bn hedge fund sets up in Dubai as UAE attracts global finance giants
LMR eyes investment in Dubai as it taps UAE financial services benefits
Abu Dhabi
Star Indian startup entrepreneur Nikhil Kamath to hold road shows in Dubai this week for its $100 million fundraising plan
Kamath’s hedge fund will also be eyeing investment opportunities in the UAE, including in the much sought after real estate assets in Dubai, in a big way with a new investment vehicle to manage pooled funds from residents allowed for overseas investments under India’s amended liberalized remittances scheme
Global oil demand
Saudi Arabia takes bullish oil message straight to Wall Street
Saudi Energy Minister is scheduled to speak June 16 at the Robin Hood Investors Conference that brings together luminaries of the US hedge-fund industry
gold prices
Gold prices may hit $1,300 by end of year, ICBC says
Bullion is set to average $1,260 an ounce in the third quarter and rise further in the following three months as interest rate increases are priced in and physical demand emerges
Abraaj Group
US hedge fund said to enter race to buy Abraaj assets
Sources say York Capital Management is offering $45m for the asset-management platform of embattled Dubai private-equity firm
American financier
Former White House comms director eyes Middle East investors
Anthony Scaramucci says political foray cost his firm SkyBridge Capital about $1.7 billion in net client withdrawals
Bahrain debt
US hedge fund eyes Bahrain as next distressed-debt target
Greylock Capital Management, which holds the distressed bonds of Mozambique and Venezuela, says Bahrain is its next potential target
Crude price
Hedge-fund investors pour into oil as firms predict surge to $80
Westbeck Capital Management and Commodities World Capital see the price soon exceeding $80 a barrel, from about $68 currently