Hedge Fund Debuts Backed by Foreign Cash Sprout Up Across UAE

Dubai and Abu Dhabi — where some of the world’s biggest hedge funds have set up outposts in recent years — are now emerging as hubs for money managers looking to go it alone.

And even though they’re setting up shop in the United Arab Emirates, a nation with trillions of dollars of sovereign wealth, some of the most successful debuts are getting their initial backing from firms in the US and Europe.