Hedge Fund Boom Pushes Dubai Finance Hub Past the 100-Firm Mark

The number of hedge funds registered in Dubai’s financial hub has doubled since the start of last year to more than 100, underscoring the city’s rapid rise as an emerging global hub for the industry.

Dubai International Financial Centre is home to 102 hedge funds, following the arrival of firms like Oak Hill Advisors, which has about $108 billion of assets under management. Close to 80% of hedge funds in the DIFC manage assets of more than $1 billion, according to a statement on Monday.