Indian Firm Launches Maiden Hedge Fund

Jun 21 2013 | 11:26am ET

India's Karvy Group has launched its first hedge fund, seeking almost US$17 million for the effort.

Karvy Capital's Systemic Edge Fund follows new hedge fund regulations promulgated in India last year; as of April, the Securities and Exchange Board had given the green light to 47 alternative investment funds, including Karvy's.

Systemic Edge is a multi-strategy absolute return fund, investing in equity and index futures and options. Karvy is seeking 1 billion rupees (US$16.7 million) for the fund.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of