Asfandyar Nadeem's London-based macro hedge fund, Deem Global, is ceasing to accept new money from clients as its assets are anticipated to hit $3 billion by March 1. The firm's flagship Deem Global Macro hedge fund is expected to hold $2.7 billion, while the Deem Global Macro Plus fund, which engages in higher-risk investments, will account for the remaining assets.
This move places Deem Global among a group of hedge funds that are closing their doors to new capital to effectively manage their size. The decision was made public on February 19, 2026, according to sources familiar with the matter.
This follows a period of significant growth for Nadeem's firm. In June 2025, Deem Global had grown its assets to approximately $1 billion, aided by a 21.3% gain in its flagship fund during the first five months of that year. This growth was spurred by fresh capital raised during 2025.
Separately, the Abu Dhabi Investment Council (ADIC) has been actively expanding its hedge fund exposure. ADIC recently participated in a $2 billion capital raise for ExodusPoint Capital Management and is reportedly considering a $15 billion leveraged bet on hedge funds using total return swap facilities. However, there is no direct evidence in the provided search results linking ADIC's investments directly to Nadeem's Deem Global fund through a $1 billion raise.
