Thursday, 30 July 2015
Last updated 10 hours ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…