RAS Launches India-Focused Fund Of Funds

Feb 8 2007 | 12:05pm ET

New York and Mumbai-based RAS Capital Management has recently launched an Indian-focused fund of hedge funds. The RAS India Fund-of-Funds, which has onshore and an offshore version, was launched in November and was up 4.3% in its first month, 2.56% in December and an estimated 2% last month, according to public databases.

At any given time, the fund allocates to between nine and 12 underlying global mangers, many of whom are relatively unknown or undiscovered, including some that are closed to new investors. The underlying funds have a standard deviation of half of the NIFTY / MSCI India indices, according to the firm. Its multi-strategy approach combines fundamental long/short equity, PIPES, event/ risk arbitrage, multi-strategy arbitrage and distressed debt.

Co-founder Robert Rahbari likes the fundamentals and current growth of the Indian market. “We’re very bullish long-term in general but we don’t think that the equities will do 40% a year like it’s been but there are still some 20% plus years ahead of us,” said Rahbari.

“Infrastructure build-out is going to be huge for the economy and the burgeoning middle class is starting to have more disposable income, which will create a very strong domestic economy that will drive all sorts of different industries. We just love the fundamentals of a highly educated, English speaking, Democratic government, so we’re very excited long term about the prospects.”

Rahbari, who declined to disclose the vehicle’s fees and minimum investment requirement citing SEC marketing restrictions, also mentioned that the firm plans to offer more India-focused, arbitrage-specific, private equity and real estate vehicles within the next few years.

RAS was founded in June 2006 by Rohit Aggarwal, a former executive director with Oppenheimer & Company, Robert Rahbari, a former director and chief compliance officer at Ferro Capital, and Anand Sekaran, founder and portfolio manager of Wasson Capital Advisors.


In Depth

Q&A: Neil Azous Talks Global Macro Investing

Nov 24 2014 | 12:41pm ET

Neil Azous is the founder and managing member of Rareview Macro, an advisory firm...

Lifestyle

Griffin Selling Chicago Apartment

Nov 26 2014 | 11:40am ET

Citadel Investment Group’s Kenneth Griffin is making clear to his estranged wife...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.