Monday, 20 April 2015
Last updated 6 hours ago
Aug 20 2012 | 12:21pm ET
Following in the footsteps of the world's largest country, the world's second-largest country is opening its doors to hedge funds.
The Security and Exchange Board of India has given seven hedge funds its seal of approval over the past month, under its new Alternative Investment Funds regulatory regime, unveiled in March. The first received its registration on July 23; the rest were approved this month.
The regulator on Thursday also gave listed companies the right to sell up to 10% of their equity to AIFs.
Kohlberg Kravis Roberts' India Alternative Credit Opportunities Fund is one of the funds now able to operate in India. The others are IFCI Syncamore India Infrastructure Fund, Utthishta Yekum Fund, Indiaquotient Investment Trust, Forefront Alternate Investment Trust, Excedo Realty Fund and Sabre Partners Trust.
India's move follows similar liberalization of hedge fund regulations in China and South Korea.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…