Renaissance Gets Green Light To Invest In India

Feb 25 2008 | 3:06pm ET

Quantitative titan Renaissance Technologies is coming to the subcontinent.

The Securities and Exchange Board of India last month approved RenTech’s application for foreign institutional investor status. The designation allows the firm to participate directly in India’s financial markets.

SEBI last year unveiled a series of changes to make registration more palatable to overseas investors. In addition to taking a more liberal approach with hedge funds, the regulator also tightened rules for participatory notes, derivatives used by foreign investors to invest in Indian securities.

East Setauket, N.Y.-based RenTech is the largest hedge fund to register in India since the new scheme was unveiled. Other funds with foreign institutional investor status include D.E. Shaw, Och-Ziff Capital Management and Citigroup’s Old Lane.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...