Hong Kong fund managers set up shop in Middle East finance centres to seize opportunities, talent
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Hong Kong-based fund managers are expanding to the Middle East to take advantage of new investment and fundraising opportunities, as well as the region’s talent pool. Infini Capital Management and Arte Capital have both set up offices in Abu Dhabi and are raising $1 billion funds focused on Middle East opportunities. The Hong Kong Investment Funds Association survey shows that over 50% of fund managers see opportunities in Dubai, Saudi Arabia, and Abu Dhabi. Infini Capital Management has become the first Asian hedge fund manager in the Abu Dhabi Global Market. Arte Capital has launched a $1 billion fund for Chinese companies expanding to the Middle East. The Middle East offers a low tax environment, affordable cost of living, and accessible visa schemes, which are incentives for talent. However, challenges include global headwinds and US-China tensions impacting Middle Eastern investors' interests in investing in China.
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