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Deem Global soft-closes to new money as assets near $3bn

hedgeweek

4 months ago

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Asfandyar Nadeem is closing his London-based hedge fund firm Deem Global to new capital as assets approach the $3bn mark, joining a growing list of managers limiting inflows to control fund size, according to a report by Bloomberg.
The report cites unnamed people familiar with the matter as saying that Deem Global will stop accepting new investors from 1 March, by which point assets are expected to reach around $3bn. The flagship Deem Global Macro fund is set to account for approximately $2.7bn,...

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