New York (HedgeCo.net) – Winner of the “Fund of Hedge Funds Leader of the Year” 2009, Liongate Capital Management, has opened a Dubai office after being awarded a license by the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC).
The $2.3 billion FoHF’s manager will focus on advising institutional clients in the MENA region on allocations to hedge fund investment strategies out of the new Dubai office.
“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.” His Excellency Dr Omar Bin Sulaiman, Governor of the DIFC, commented. “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.”
Liongate Capital Management has also appointed hedge fund allocator, Fahad Al-Bader, as Senior Executive Officer of the Dubai office. Fahad Al-Bader has over six years experience of investing in hedge funds. Previously, he was Head of Hedge Funds at the Kuwait Fund, Head of Alternative Investments at Ryada Capital and an Investment Analyst at KIA (Kuwait Investment Authority). Fahad al-Bader is a graduate of Purdue University, and joined Liongate Capital Management in May 2008.
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