Hong Kong hedge fund opens Mena office

Olritz Financial Group, a hedge fund based in Hong Kong, has expanded its operations to the Middle East.

The firm, which has around US$150 million in assets under management, has opened an office in the UAE.

The move is part of an ambition to engage more in the private equity sector, especially in the private equity market.

Olritz founder Sean Chin cited the “exponential growth towards 2030” that is forecast for the region as a reason for the arrival of foreign investors.

At the same time, Mena states have stepped up their efforts to attract overseas hedge funds. Abu Dhabi Global Market has seen 35% growth in revenue for the first half of 2023.

And in July, the Dubai International Financial Centre signed an MoU with the Alternative Investment Management Association.

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