Dubai Is the New Hedge Fund Magnet
Street art in Dubai, United Arab Emirates. (Photographer: Tom Dulat/Getty)
International hedge funds managers have become the latest group of investors to use Dubai as a business hub, lured by the emirate’s tax-free lifestyle and less stringent approach to Covid.
Izzy Englander’s Millennium Management, Michael Gelband’s ExodusPoint Capital Management, All Blue Capital, and Michael Platt’s private investment firm BlueCrest Capital Management have been hiring and moving staff to the Gulf region’s pre-eminent finance center.