Strattners is expanding its structured investment business to take on positions in listed companies based in the Asia-Pacific and European region.
Strattners, a financier, which manages Strattner Alternative Credit Fund LP has been active in structured trades in Asia and the US according to public regulatory filings. The expansion comes after the company identified opportunities in the structured alternative credit and lending markets.
Later last year, Strattners relocated its main staff to Dubai. Dubai is seen as a more convenient time zone for some of its portfolio managers who trade globally.
Strattners, whose traders invest in various strategies and asset classes including equities and fixed income, joins Izzy Englander’s Millennium Management and Michael Gelband’s ExodusPoint Capital Management in expanding into Dubai.
Dubai is emerging as a favoured destination for global financiers who are drawn by its ease of doing business, tax-free status and its allure as a global travel hub.
It is also a more friendly time zone for portfolio managers who have global investments spanning North America to Asia.
Other prominent funds such as Brevan Howard and Squarepoint Capital LLP have also recently obtained licenses to operate in Dubai, according to the finance center’s public register.