06 September 2024
Why asset management firms are flocking to the UAE
Matthew Pykstra, Head of FundRock Investment Management Middle East
Asset management firms from the UK, USA, Europe, India, and Asia are flocking to the United Arab Emirates (“UAE”). They are drawn by the large pools of capital held by sovereign wealth funds, family offices, and institutions. These firms are setting up funds either through mainland UAE or the free zones within the UAE, such as Abu Dhabi Global Markets (“ADGM”) and Dubai International Financial Centre (“DIFC”). Many of these funds are also invested in the Middle East and North Africa (“MENA”) region.
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