City of London Investment Group (CLIG) is a specialist asset management firm comprised of two independent investment managers – City of London Investment Management and Karpus Investment Management. The Group went public on the London market in 2006 under the symbol CLIG.LN.
City of London Investment Management was founded in 1991 with the launch of its first Emerging Markets fund, the Emerging Markets Country Trust, which aimed to capitalize on the persistent market inefficiencies present in the Closed-End Fund (CEF) sector. Applying our expertise and proprietary technology to underfollowed or complicated securities enables City of London Investment Management’s integrated global investment team to access discounted exposure to a broad array of global markets for their primarily institutional clients.
Karpus Investment Management was founded in 1986 and also specializes in closed-end funds (CEFs)—securities we believe are often overlooked by other money managers. Karpus Investment Management is large enough to dedicate resources to monitoring markets and identifying closed-end fund opportunities, yet nimble enough to act on them swiftly in the best interest of its clients. Karpus Investment Management aims to provide its client base with capital preservation and wealth management services. From its office in Pittsford, New York, (near Rochester) its experienced team works with individuals and institutions on tailored solutions in Fixed Income, Equities and Cash Management to help meet their financial needs, building diversified portfolios that often take advantage of the unique opportunities afforded by the CEF sector.
In October 2020, CLIG completed a merger with Karpus Investment Management, bringing both subsidiaries under our banner to provide closed-end fund strategies to clients. Today, both City of London Investment Management and Karpus Investment Management continue to provide clients with specialized financial solutions and excellent customer service while looking at growth opportunities for the future.