Hamilton Lane (HLNE) and two Hong Kong-based hedge funds, Welwing Capital and Jetha Global, are expanding operations to Dubai, Bloomberg reported Thursday.
With nearly $950 billion under management, Hamilton Lane received a license from the Dubai Financial Services Authority last month, Bloomberg said, citing the regulator's records.
The report said Hamilton Lane's chief financial officer, Jeffrey Armbrister, is among the executives registered as senior managers of the unit.
It added that Welwing Capital received its license last week, while Jetha Global plans to complete its move from Hong Kong by March.
Hamilton Lane did not immediately respond to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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