“…Private wealth is where we are seeing real growth. Hedge fund portfolio managers are coming to Dubai and making investment decisions. For them, Dubai is the place where talent wants to come to make the most of the attractive business environment and experience the city’s world-class lifestyle offerings. Sovereign wealth funds have always been sophisticated, but what we are seeing now is a substantial growth in private wealth. Private wealth has traditionally been held in assets, such as cash, real estate and physical businesses. Now, this capital is increasingly being invested in financial markets, resulting in a significant increase in assets under management…”
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