Hedge Fund Debuts Backed by Foreign Cash Sprout Up Across UAE
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Dubai and Abu Dhabi — where some of the world’s biggest hedge funds have set up outposts in recent years — are now emerging as hubs for money managers looking to go it alone. And even though they’re setting up shop in the United Arab Emirates, a nation with trillions of dollars of sovereign wealth, some of the most successful debuts are getting their initial backing from firms in the US and Europe.