3i Vet Launches India-Focused Hedge Fund

Mar 5 2014 | 1:22pm ET

A longtime private-equity manager in Asia, disappointed in that industry’s returns in India, plans to try his hand at hedge funds.

Anil Ahuja, 3i Group’s former Asia head, has launched the IPEplus Fund 1 in Singapore. The new hedge fund invests in a wide array of asset classes, with a focus on Indian companies. It has returned 8.9% since its debut in October.

“There are a handful of people who have made money, but the Indian private-equity domain has not performed,” Ahuja told Bloomberg News. “The right tool kit for India has to be very different.”

IPEplus launched with US$10 million of Ahuja’s money. He hopes to raise US$100 million for the Bermuda-listed vehicle by the end of the year, with the first US$40 million by June. The fund charges 1% for management and 10% for performance above a hurdle.

Ahuja left 3i last February. Prior to joining that firm, he worked at JPMorgan Chase’s Asian private-equity unit.


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR