US hedge fund Balyasny names Dubai chief

Balyasny Asset Management, a US-based hedge fund, has named Tarek Rizk as its head for the Mena market.

Based in Dubai, Rizk will head up the firm’s newly established Mena office in the Dubai International Finance Centre (DIFC) as well as taking responsibility for leading the firm’s expansion across the Middle East.

He was most recently the global head of alternative investments for the Abu Dhabi Investment Authority

The appointment continues the expansion of international hedge funds in the region. The likes of Veriton, OneIM, BlueCrest Capital Management, Millennium Management and ExodusPoint Capital Management have all opened Mena offices in recent weeks and months.

It also comes days after the DIFC signed an MoU with the Alternative Investment Management Authority, the global trade body for the hedge fund sector.

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