Sunday, 26 October 2014
Last updated 1 day ago
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.
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…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.