US hedge fund Verition chooses DIFC for global expansion

US hedge fund Verition chooses DIFC for global expansion

Verition Fund Management (Verition), a multi-strategy, multi-manager investor adviser headquartered in Greenwich, Connecticut, is expanding its global presence with its latest office opening in Dubai International Financial Centre (DIFC). The firm has been licensed by the Dubai Financial Services Authority (DFSA) to manage assets and conduct financial services activities. The hedge fund said the UAE and the wider MENA region are important markets, and the new office in DIFC will further enhance the firm’s ability to attract global investment talent as well as capture important regional market opportunities. Verition’s strategic positioning of its Dubai headquarters gives it access to DIFC’s financial and innovation ecosystem of over 36,000 professionals working across over 4,300 active registered companies. Saad Mahmood has been appointed as the senior executive officer of Verition (DIFC) and will lead the growth of the local office. Josh Goldstein, ’s co-founder and president said, “We are excited to continue our international expansion with the addition of a Dubai office. The opportunity to live and work in Dubai is especially appealing to our current and prospective portfolio managers. The region offers a friendly time zone for traders with a global investment mandate, lower taxes, and excellent infrastructure. We look forward to