ََA US Asset Manager to Open Abu Dhabi Office

U.S. investment management firm Polen Capital said on Monday it has received preliminary approval for a license to operate from the ADGM, Abu Dhabi's financial centre, as it looks to capitalise on growth opportunities in the region. Rising company registrations, the appeal of sovereign wealth funds, and the relative ease of obtaining a license to operate compared with other financial centres have enhanced ADGM's attractiveness for global firms. Polen Capital, which had approximately $63 billion in assets under management as at Sept. 30, will join other global asset managers and hedge funds in setting up in the ADGM (Read more at USNews).