The code, which will be affective from 20 January, is intended to address fears that hedge funds are high-risk investments.
The code’s nine principles require hedge funds to develop sufficient expertise to pursue complex investment strategies.
The DIFC is hoping hedge funds will base themselves in the centre.
DFSA has proposed changes to its collective investment rules that would remove the requirement for funds domiciled in the DIFC to be administered in the centre.
The change would make it easier for funds to move into the DIFC.
You might also like...
Red Sea Global awards Marina hotel infrastructure
18 April 2024
Aramco allows more time to revise MGS package bids
18 April 2024
Morocco tenders high-speed rail project
18 April 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.