D.E. Shaw, Hedge Fund Manager, Gets Permit to Operate in Dubai

Bloomberg – D.E. Shaw & Co., the $29 billion investment firm run by David Shaw, said the Dubai Financial Services Authority granted its Middle East unit a license to operate from the Dubai International Financial Centre.

The firm aims to build on its public and private investment through regional unit D.E. Shaw & Co. MENA Ltd., the New York- based hedge fund manager said in an e-mailed statement from Dubai today. This will be D.E. Shaw’s first office in the Middle East and North Africa region and adds to its 13 across North America, Europe and Asia, it added.

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