Tuesday, 24 November 2015
Last updated 4 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.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…