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City of London Investment Group PLC is a United Kingdom-based asset management company specializing in closed-end funds. It operates through two wholly-owned subsidiaries: City of London Investment Management Company Limited (CLIM), which manages strategies in emerging markets, international equities, opportunistic value, and frontier markets primarily for institutional clients; and Karpus Investment Management (KIM), which delivers closed-end fund strategies across equities, fixed income, and other asset classes to wealth management clients in the United States. Founded with CLIM's inception in 1991 and KIM's in 1986, the group merged the subsidiaries in 2020 and listed publicly in 2006. It leverages proprietary technology and expertise to exploit market inefficiencies in underfollowed closed-end funds, providing discounted exposure to global markets, credit, infrastructure, and property. As of late 2024, funds under management stood at $9.9 billion, reflecting steady growth from $3.9 billion a decade earlier amid market volatility. The firm emphasizes long-term performance, with investment teams delivering strong absolute and relative returns across strategies. City of London Investment Group PLC plays a key role in the asset management sector by offering specialized solutions to institutional and retail investors seeking capital preservation and growth through overlooked opportunities in closed-end structures.