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Dubai Is the Newest Hedge Fund Hotspot

More and more financiers are choosing to expand in the emirate.

The Dubai International Financial Centre (DIFC) in Dubai, United Arab Emirates.

The Dubai International Financial Centre (DIFC) in Dubai, United Arab Emirates.

Photographer: Christopher Pike/Bloomberg

After attracting crypto firms, property investors and Russian billionaires, Dubai is drawing a new crowd: hedge fund managers. 

Izzy Englander’s Millennium Management has grown its staff in the Dubai International Financial Centre to about 30 since securing a license in 2020. Michael Gelband's ExodusPoint Capital Management, one of the largest multi-strategy hedge funds in the world, registered in the DIFC in June, according to a filing.