Schonfeld-Backed Hedge Fund Founder Moving to New Hub in Dubai

Aster Capital Management founder Nabil Ouajjane is moving to Dubai from London, joining a rush of portfolio managers decamping to the emerging hub for investment firms.

Ouajjane is expanding his London-based Aster Capital’s operations to a new office in Dubai, according to people with knowledge of the matter. Ouajjane and four colleagues are preparing to move to the city this year, one of the people said, asking not to be identified because the details are private.