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Hedge funds flock to Dubai amid softer regulation — and portfolio managers want in
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London hedge funds are joining a trend of investment firms looking towards Dubai for expansion, lured by lower tax rates, softer regulation, and a rising number of millionaires.
London-based hedge fund LMR Partners, which manages nearly $9.8bn, has become one of the latest hedge funds to secure a license from Dubai International Financial Centre, Bloombergreported.
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