London-based City Financial are tapping into Asia’s growth story by launching the Cayman Island-domiciled City Financial Asian Absolute Growth Fund.
London-based City Financial are tapping into Asia’s growth story by launching the Cayman Island-domiciled City Financial Asian Absolute Growth Fund. Investment advisory firm, Clontarf Capital, will manage the fund of hedge funds, with Clontarf founder, Aoifinn Devitt acting as portfolio manager. Other key service providers include Dublin-based Capita (administration), BNY Mellon (custodian) and Maples and Calder (legal). Speaking to Hedgeweek, City Financial Chief Executive Andrew Williams (pictured) said the fund, designed to meet institutional investor needs, was launched with just over USD50 million, but would not become a billion dollar behemoth: “The marketing tail will not be wagging the investment dog.” “The fund’s sweet spot will be around USD300-500 million,” adds Devitt.