Finance
Abu Dhabi Speeds Up Country Club Admissions to Lure Hedge Funds
- Officials will debut lifestyle program for incoming financiers
- Hope is to lure them from NYC, London, Hong Kong and Singapore
Office buildings in the Abu Dhabi Global Market.
Photographer: Natalie Naccache/BloombergThis article is for subscribers only.
Abu Dhabi officials are quietly orchestrating a fresh package of perks they hope will help propel the city up the ranks of the world’s biggest financial centers, from helping traders obtain coveted school admissions for their children to assisting them with securing memberships at country clubs.
While the city’s $1.5 trillion in sovereign wealth capital will continue to be the main draw for hedge fund managers making a beeline for Abu Dhabi, officials are formalizing a program that will offer incentives, including lifestyle support and visas, as part of its overall package for finance professionals moving to the region.