Top US hedge funds, including Millennium Management, Hudson Bay Capital and Verition Fund Management, issued rare public comments to declare their confidence in the UAE as a global financial hub. "We have strong conviction in the region’s enduring stability and institutional strength,” Verition Fund told Bloomberg, who announced plans to extend its Dubai office lease for an additional 5 years. US firms ExodusPoint Capital Management and Balyasny Asset Management have also established regional operations, joining a growing wave of American financial institutions expanding their presence in the UAE.

Why This Matters

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The UAE has become a critical launchpad for American financiers, with dozens of US hedge fund managers now operating in the country. The expansion is primarily trader-led, fueled by the UAE's pro-business policies, strategic location and direct access to high-growth markets across the Middle East, Africa and Asia. Abu Dhabi is globally recognized as the 'capital-of-capital,' home to robust financial markets and sovereign wealth funds valued at over $1 trillion that attract institutional investors and global funds. The growing presence showcases how the UAE's financial infrastructure is powering American competitiveness on a global scale.

Pull Quote:
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“We continue to see strong long-term potential for the city as a regional hub.” – Jean-Luc Roghe, CEO at Millennium Management.

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Millennium Management and Verition Fund Management reaffirmed their Dubai commitments this week, with Verition extending its lease by five years. Hudson Bay Capital Management launched an Abu Dhabi office to complement its Dubai operations, with CEO Sander Gerber telling Bloomberg News he is confident the UAE "will remain a core destination for long-term investment and talented professionals."