Reforms will strengthen DIFC’s position as a hub for asset management
London, UK — MFA supported the Dubai Financial Services Authority’s (DFSA) efforts to modernise the Dubai International Financial Centre’s (DIFC) collective investment fund framework in a comment letter submitted Monday. The DFSA’s proposal to adopt a more flexible framework focused on a fund’s activities, risks, and appropriate safeguards will better accommodate modern investment strategies and strengthen the DIFC’s competitiveness as a hub for asset management.
“A modern, flexible fund framework will make it easier for global asset managers to expand in the DIFC, serve investors across the region, and bring more international capital and expertise to Dubai” said Rob Hailey, MFA Head of EMEA Government Affairs.
The proposal moves away from regulations based on rigid fund classifications. These reforms would give fund managers greater flexibility to pursue modern, dynamic investment strategies while maintaining strong risk management and investor protections. A principles-based and proportionate framework will also reduce unnecessary complexity and better align the DIFC with other jurisdictions.
Read the full letter here.
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About the global alternative asset management industry
The global alternative asset management industry — including hedge funds, private credit funds, and hybrid funds — serves thousands of public and private pension funds, charitable endowments, foundations, and other global institutional investors. The industry provides portfolio diversification and risk-adjusted returns to help meet their funding obligations and return targets throughout the economic cycle.
About MFA
Managed Funds Association (MFA), based in Washington, D.C., New York City, Brussels, and London, represents the global alternative asset management industry. MFA’s mission is to advance the ability of alternative asset managers to raise capital, invest it, and generate returns for their beneficiaries. MFA advocates on behalf of its membership and convenes stakeholders to address global regulatory, operational, and business issues. MFA has more than 180 fund manager members, including traditional hedge funds, private credit funds, and hybrid funds, that employ a diverse set of investment strategies. Member firms help pension plans, university endowments, charitable foundations, and other institutional investors diversify their investments, manage risk, and generate attractive returns throughout the economic cycle.
