Thursday, 18 December 2014
Last updated 14 hours ago
Sep 15 2009 | 9:07am ET
Hedge fund behemoth D.E. Shaw this week opened an office in Dubai, its first in the Middle East.
“As the fourth largest manager globally by hedge fund assets, the D. E. Shaw group is a highly respected global leader in its field of expertise and we are pleased that it has chosen to locate its regional base at the DIFC (Dubai International Financial Centre) which offers one of the best environments from which to do business in our region,” said Abdulla Al Awar, chief executive officer of the DIFC Authority.
Julius Gaudio, a member of the executive committee of D. E. Shaw & Co., added, “We have witnessed the Gulf region’s rise in prominence as a hub of commercial and financial activity, and we hope that establishing D. E. Shaw & Co. MENA, Ltd. will further advance our public and private investment activities in what has become a major capital market.”
The DIFC has been busy luring investment companies to the region. In the past four years, over 800 firms have registered at DIFC. Member institutions receive incentives such as 100% foreign ownership, zero tax on income and profits, and no restrictions on foreign exchange.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.