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Hedge fund Three Arrows Capital (3AC) is not registered with the Dubai Financial Services Authority (DFSA), although it has previously announced plans to move its headquarters to the
Hedge fund Three Arrows Capital (3AC) is not registered with the Dubai Financial Services Authority (DFSA), although it has previously announced plans to move its headquarters to the Emirate. CoinDesk writes this with reference to the department representative.
“We can confirm that Three Arrows Capital is not an authorized firm and is not regulated by the DFSA,” the agency said.
In May 2022, 3AC co-founder Su Zhu announced plans to move the fund’s headquarters from Singapore to Dubai. Among the reasons, he cited a more favorable regulatory environment.
Zhu’s Twitter profile also lists Dubai as the location.
In Singapore, 3AC is regulated by the Monetary Authority (MAS). To arrange a business in the Emirate, the company had to submit an appropriate application to the DFSA.
Kyle Davis, co-founder of Three Arrows Capital Recall, said the hedge fund is considering selling some of the assets to bail it out.
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I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
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