Hedge Funds & Alternative Investments
Property & Real Estate
Regulation, Risk & Compliance
Uncategorized
Dubai regulator fines Emirates REIT fund manager $210,000 for 'misleading statements'
The Dubai Financial Services Authority (DFSA) has slammed a penalty of $210,000 (AED 771,225) on Equitativa and accepted an Enforceable Undertaking from the real estate fund manager. Equitativa is both the fund manager and the reporting entity of NASDAQ listed fund, Emirates REIT (EREIT). The DFSA found that on two…
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