Liongate Capital Management Announces Opening of Office in Dubai

Friday, 13 November 2009 14:27

Liongate Capital Management, the hedge funds manager, announced the opening of its Dubai office on 10 November and the award of a licence by the DFSA (Dubai Financial Services Authority) to operate from the Dubai International Financial Centre (DIFC).

With this move, Liongate Capital Management is consolidating its presence in the MENA region (Middle East and North Africa), where it has long-standing clients in the countries of the Gulf region. The Dubai office will focus on advising institutional clients in the MENA region on allocations to hedge fund investment strategies. The office will also serve as a vehicle for capitalising on regional investment opportunities and will be hiring staff for its research department.

His Excellency Dr Omar Bin Sulaiman, Governor of the Dubai International Financial Centre (DIFC), commented: “With investors increasingly seeking to diversify their portfolios to include alternative investments, the long-term potential for the growth of the hedge-funds market in the Middle East, North Africa and India is strong. DIFC offers the infrastructure and regulations for providers of hedge fund investments to take advantage of opportunities in the region. The establishment of Liongate Capital Management’s office is testimony to DIFC’s ability to offer a secure and productive platform for the growth of hedge funds. It also demonstrates the continued confidence of the global financial industry in the potential of the regional market.”

Abdulla Mohammed Al Awar, CEO of the DIFC Authority said: “Over the last few years, DIFC has provided a growth-oriented regulatory platform for financial services companies in a variety of niche sectors to develop their business in the region. Liongate Capital Management’s experience in hedge funds management will bring fresh new expertise to the DIFC business community and offer more choices to investors in the region.