UK-Based Regulatory Hosting Provider Pushes Into Dubai

Editorial Staff

27 September 2024

Capricorn Fund Managers, DIFC
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The firm said it is the DIFC’s first dedicated investment management regulatory hosting solution.

Through the platform, which is established as an Incorporated Cell Company regulated by the Dubai Financial Services Authority, investment managers can operate under CFMD’s regulatory umbrella to run their funds from the DIFC.

The launch underlines Dubai's continuing expansion as a hub for funds, asset managers, private banks and family offices.

The platform is suitable for new and established investment managers across multiple strategies, including hedge funds, long-only funds, real estate, private equity and venture capital, Capricorn said in a statement.

Until now, investment managers operating in the DIFC have required their own licence from the DFSA.

Today, DIFC houses more than 400 wealth and asset management firms, including more than 60 hedge funds, managing close to $700 billion. (See a separate article about developments in Dubai.)

“From a commercial perspective, Dubai has become the fastest-growing fund market, with enormous interest from managers and individuals,” Craig Roberts, senior executive officer, said. “By launching our regulatory hosting solution, we add a new and efficient service for managers to set up and carry out regulated activities – all under our licence.”