Nadeem's hedge fund Deem has reached an asset size of 3 billion and announced the cessation of accepting new funds

Joining many peers, Deem Global, led by Asfandyar Nadeem, will effectively manage its assets under management (AUM) by "closing its doors to new clients." It will stop accepting new client funds on March 1, at which point its managed assets are expected to reach $3 billion. The company's flagship product, the Deem Global Macro Hedge Fund, will reach $2.7 billion, while the remaining funds will be in the higher-risk Deem Global Macro Plus fund. Deem Global is one of the fastest-growing hedge funds in London, with its asset size skyrocketing from $300 million since its establishment in 2022. (Bloomberg)