City Financial has decided to close the Decca Fund to any further subscriptions for both existing and new investors. The Decca Strategy's assets under management have reached approximately USD500million.
The fund launched on 1 April 2015, and is managed by Shahraab Ahmad from City Financial’s London office.
Goldman Sachs International acts as the Fund’s prime broker.
City Financial Chief Executive Andrew Williams says: "City Financial is focused on ensuring the Decca Fund is run at a scale that takes into account market conditions, volatility, and other relevant risk considerations. We are pleased the Fund reached that scale in only 10 months, without recourse to any seeding arrangements."
The Decca Strategy is City Financial’s most recent of six investment offerings. The firm’s assets under management are USD3.9 billion as at 31 January 2016, with offices in London, New York, Geneva and Hong Kong.
