Wednesday, 22 October 2014
Last updated 16 hours ago
Aug 27 2007 | 11:59am ET
Private equity and venture capital firm 3i Group is establishing a new fund that will invest in Indian infrastructure. The new offering, the 3i India Infrastructure Fund, intends to build a balanced portfolio of infrastructure investments in India, has a target size of US$1 billion and will be unlisted. The fund will invest primarily in power, ports, airports and road projects in early-stage and mature infrastructure operations.
The fund is being established within the framework of the strategic partnership agreement announced by 3i and the India Infrastructure Finance Company Limited in April. According to the firm, 3i’s own network and its strategic partnership with IIFCL will give the fund access to a strong pipeline of attractive investment opportunities.
3i intends to invest a minimum of US$250 million in the fund.
India is among the fastest growing economies in the world. The Government of India now estimates that investment in infrastructure will need to increase from 3.5% of GDP at present to 8% of GDP in 2012 and anticipates around US$320 billion in infrastructure investment over the next five years.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...