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Is Dubai the new New York? Dubai wants to become a global hedge fund hub as star portfolio managers continue to flock to the emirate. The Dubai International Financial Centre’s chief business development officer Salmaan Jaffery said that the hedge funds are coming to the city from New York, London, and Hong Kong. “Roughly 45 hedge funds are in the regulatory approval process,” Jaffery told Financial News. “The decision to domicile overseas in the current hedge fund wave is driven by portfolio managers,” he added. Article and Image Source: https://www.fnlondon.com/articles/dubai-45-hedge-funds-in-regulatory-approval-process-20230929 Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates.