Spring has sprung in the Dubai International Financial Centre (DIFC), and hedge funds are sprouting as the emirate starts to regain its position as an asset management hub.
Guna Mahalingam, a managing director at Platinum Wealth Management, which operates hedge funds, said his company was preparing to establish operations in the DIFC, with political turmoil in several countries in the region proving no deterrent to a Mena-focused fund launch expected this summer.
"It has been a long-term idea - there has been a little uncertainty after the financial crisis, and we believe while there are still a lot of question marks, we say life goes on and you've got to keep moving forward," Mr Mahalingam said.
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