Indus Capital Takes Stake In Prince Street

Sep 12 2007 | 11:25am ET

Global hedge fund shop Indus Capital Partners has taken a minority stake in Prince Street Capital, a New York-based emerging market equity long/short manager.

The firms will continue to operate autonomously but “will be sharing ideas and intelligence” as well as operational infrastructure.

“We are excited about this new venture and the expertise it brings Prince Street Capital,” said David Halpert, Prince Street’s managing partner and portfolio manager. “The frontier markets pursued by Prince Street compliment nicely the investment strategies of Indus, while the firm’s large investment team and office network gives Prince Street additional resources to draw upon.”

“This relationship was a natural fit given the decade-long relationship between Indus founders and David Halpert.” said Matthew Sippel, a partner of Indus Capital. “David is one of only a few investment professionals who spends the majority of their time focused on investing in the smaller frontier markets in the emerging universe.  David and his team visit more than 25 countries a year where the macro environment lures them to investigate compelling company opportunities.”

Indus Capital currently manages $6 billion in assets across six investment strategies focused on investing in securities in the Pacific Rim and Europe. The firm was founded in 2000 by former partners of Soros Fund Management and is headquartered in New York City with offices in Tokyo, Hong Kong, Singapore, San Francisco, London and Stamford.

Prince Street, founded in 2001 by David Halpert, manages $220 million in assets across two strategies.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.