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City Financial announces hard close of credit strategy

Sunday, February 28, 2016
Opalesque Industry Update - City Financial, with portfolio manager Shahraab Ahmad, has advised the Directors of the Decca Fund, of which it is Investment Manager, to close the Fund to any further subscriptions for both existing and new investors. The Decca Strategy's assets under management have reached approximately US$500million.

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 said: "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 US$3.9bn as at 31 January 2016, with offices in London, New York, Geneva and Hong Kong.

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