Tuesday, 1 September 2015
Last updated 7 hours ago
Jan 20 2011 | 3:04am ET
Equanum Capital Management is launching an India-focused hedge fund—and will pick up sticks to be a little closer to the companies it plans to invest in.
Firm founder Kalpesh Kapadia, who is currently based in Palo Alto, Calif., will move to Singapore. Equanum already has a pair of analysts in Asia.
Kapadia is moving across the Pacific to raise a long-biased hedge fund that will invest in the subcontinent. Equanum, which manages an Asia ex-Japan fund, hopes to garner about US$50 million for the fund, which it plans to launch in the second quarter.
Kapadia told Bloomberg News that the new fund will have a “disciplined private-equity-like approach” with about 10 core long positions.
“Right now India is rocky,” he said. “It’s a good time to invest if you have conviction.”
Kapadia said he picked Singapore for its “strategic location, infrastructure and ease of doing business.”
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…