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Laxman Pai, Opalesque Asia:

Dubai International Financial Centre (DIFC) has announced an agreement with the $2.5tn hedge fund group Alternative Investment Management Association (AIMA).

DIFC is the leading global financial hub in the Middle East, Africa, and South Asia (MEASA) region. AIMA is the alternative investment industry's pre-eminent voice globally, representing over 2,100 corporate members with over USD2.5 trn hedge fund and/or private credit assets.

The agreement further solidifies AIMA's long-standing commitment to the region and DIFC's ever-growing role as an international hub for alternative investments and hedge funds, said a joint media release.

Reaffirming Dubai's position as a preferred destination for alternative investments and global hedge funds, Arif Amiri, CEO of DIFC Authority, said: "DIFC is delighted to be the first financial center in the Region to partner with AIMA. Innovation and cross-border collaboration attract capital flows and opportunities in growth markets for high-performing hedge funds with a range of investment strategies.

"This agreement marks yet another pivotal moment for Dubai and DIFC as we continue to attract world-class talent, whilst driving the future of finance by providing a robust and hyper-connected ecosystem for the alternative investment industry that enables them to manage their global portfolios efficiently," Arif added.

According to the press release, the news comes as DIFC continues to witness an unpa......................

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