Sunday, 31 August 2014
Last updated 1 day ago
Sep 25 2012 | 11:52am ET
Indian regulators are considering at least 20 applications to launch hedge funds in the world's second-largest country, just two months after approving its first.
The Security and Exchange Board of India gave its blessing to seven hedge funds in July and August; the regulator unveiled new alternative investments regulations in April.
According to the latest data from SEBI, 20 applications were pending as of the end of last month. Fifteen of those are "being processed," while the regulator has asked for more information from five others.
The funds whose registration applications are being processed are the CapAleph Indian Millenium Fund, DSP BlackRock, HDFC AMC Real Estate, India Advantage Fund, India Realty Fund, Kedaara Capital, Kotak Alternative Opportunities Fund, Real Estate Opportunities Trust and Start-up Village Fund.
The five SEBI cited for "incomplete information" are CapAleph Indian Millenium Private Equity Fund, DARC MentorCap Film Fund, IIFL Opportunities Fund, IIFL Private Equity Fund and L&T Infra Investment Partners.
Prior to the new rules, hedge funds in India were unregulated. It imposes a 1,000-investor limit, a 10 million rupee (US$188,000) minimum investment requirement and a minimum size of 200 million rupees (US$3.8 million).
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...