Dubai

Dubai International Financial Centre signs a agreement with the AIMA


The Dubai International Financial Centre (DIFC) has signed a preliminary agreement with the Alternative Investment Management Association (AIMA) to bolster its status as an international hub for alternative investments.

The agreement will see DIFC and AIMA work together to attract more hedge funds and other alternative investment managers to the centre. In addition to the agreement with AIMA, DIFC has also welcomed five new global hedge funds to the centre in the second quarter of 2023.

Dubai

Photo by Christoph Schulz on Unsplash

These include Hudson Bay Capital, Asia Research and Capital Management, King Street Capital, Balyasny Asset Management, and Verition Fund Management.

The firms will relocate senior employees to DIFC to conduct portfolio management and investor relations activities.

Private Equity News Middle East

he agreement will see DIFC and AIMA collaborate on a number of initiatives, including:

  • Sharing information and best practices on the regulation and supervision of alternative investments
  • Promoting the DIFC as a hub for alternative investments to investors and fund managers around the world
  • Facilitating the establishment of new hedge funds and other alternative investment managers in the DIFC

“We are delighted to be partnering with AIMA,” said Arif Amiri, CEO of DIFC Authority. “This agreement is a significant step forward in our efforts to attract more hedge funds and other alternative investment managers to the DIFC. AIMA’s global network and expertise will be invaluable in helping us achieve our goals.”

“We are excited to be working with DIFC to promote the region as a leading destination for alternative investments,” said Ashley Hamilton Claeys, CEO of AIMA. “The DIFC has a strong track record of attracting and supporting the alternative investment industry, and we believe that this agreement will help to further strengthen the centre’s position as a global hub.”

The agreement between DIFC and AIMA is a significant development for the Dubai financial market. It is a recognition of the DIFC’s growing appeal to the alternative investment community, and it is a sign that the centre is committed to becoming a leading global destination for alternative investments.

The agreement is also a positive development for the UAE economy.

The alternative investment industry is a major contributor to the UAE’s GDP, and it is expected to continue to grow in the years to come. T

he agreement between DIFC and AIMA will help to ensure that the UAE remains a leading destination for alternative investments in the Middle East and North Africa region.

The arrival of these new hedge funds is a further sign of DIFC’s growing appeal to the alternative investment community.

About DIFC

The Dubai International Financial Centre (DIFC) is a global financial hub located in Dubai, United Arab Emirates. The DIFC is home to a wide range of financial institutions, including banks, hedge funds, asset managers, and insurance companies. The DIFC is also home to a number of regulatory bodies, including the Dubai Financial Services Authority (DFSA).

About AIMA

The Alternative Investment Management Association (AIMA) is the global voice of the alternative investment industry. AIMA represents over 2,100 corporate members with over $2.5 trillion in hedge fund and/or private credit assets. AIMA provides its members with a range of services, including education, advocacy, and research.

Contact:

  • DIFC: https://www.difc.ae/
  • AIMA: https://www.aima.org/

Private Equity News Middle East

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