Hedge Funds finding foothold in the region | GulfNews.com:
"Hedge Fund investing is gaining momentum in the UAE and the Middle East region, thanks to the growing sophistication level among high networth investors in the region and the global regulatory standards in the Dubai International Financial Centre (DIFC).
“Historically, the hedge fund industry has developed in clusters like the Grand Connecticut, Barclays Square are of London, Luxembourg, Singapore and some in Hong Kong. They are yet to cluster here. There are several reasons one of the reasons is the relatively low level of understanding of industry in this part of the world. But the market is changing,” said Howard Leedham, CEO of Dalma Capital, one of the pioneers of hedge fund management in the UAE.
Dalma Capital Management Limited is an Asset (Hedge Fund) Manager that is based in the DIFC Centre and regulated by the Dubai Financial Services Authority (DFSA). It currently manages the Dalma Unified Return Fund, domiciled in Malat, open only to institutional and qualified high net worth investors."
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