DIFC looks to Europe for bigger fund role - The National:
"Dubai's financial free zone is seeking to attract European fund managers as capital floods into the Dubai and Abu Dhabi stock exchanges and returns outpace most other markets worldwide.
The Dubai Financial Services Association has signed agreements with 27 European states including the United Kingdom, Norway and France, allowing regulators to help each other to supervise fund managers operating in Europe and the Dubai International Financial Centre.
The latest agreements, negotiated with the European Securities and Markets Authority, will allow wealth managers in the DIFC to market alternative investments, such as hedge funds, private equity funds and real estate funds to European investors, potentially allowing them to tap into a much bigger pool of capital."
'via Blog this'
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