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City of London

$17 Billion Chicago Hedge Follows Millennium, BlueCrest in Push to Dubai

  • Fund to open office in Dubai in first quarter of 2023
  • Hunt for talent is encouraging global expansion of firms

Balyasny Asset Management will open an office in Dubai, the latest hedge fund to expand to the emirate.    

The $17 billion firm will start operations in the city in the first quarter of next year, according to a person with knowledge of the matter. Balyasny is taking space in the ICD Brookfield Place and its office is initially set up to accommodate 20 people, the person said, asking not to be identified because the details are private.