Hedge Fund Verition Joins Global Peers Setting Up in Dubai
- Verition expected to start its Dubai operations with 15 people
- MS veteran Saad Mahmood joined fund in Nov to run Dubai office
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Verition Fund Management is opening an office in Dubai, joining industry heavyweights Millennium Management and ExodusPoint Capital Management who’ve recently expanded to the emirate.
The Greenwich, Connecticut-based firm has hired former Morgan Stanley executive Saad Mahmood to lead its outpost in Dubai’s financial district, known as DIFC. Verition is expected to start with 15 people and plans to grow from there, according to a person with knowledge of the matter.