Finance
Dubai Weighs Major Regulatory Changes to Lure Hedge Funds
Dubai currently has more than 70 hedge funds.
Photographer: Natalie Naccache/BloombergThis article is for subscribers only.
Dubai is weighing significant changes to its rules governing money managers to further burnish the city’s credentials as an emerging hub for hedge funds.
The Dubai Financial Services Authority is undergoing a sweeping review of its slate of regulations with the goal of removing unnecessary regulatory burden and lowering barriers to entry, according to a spokesperson for the agency. The DFSA regulates the Dubai International Financial Centre, a hub for many fund managers.