RAS Launches India-Focused Arb Fund Of Funds

Apr 18 2008 | 2:00am ET

New York- and Mumbai, India-based RAS Capital Management has launched an India-focused arbitrage-only fund of hedge funds.

The RAS India Absolute Return Fund, which debuted in January, is a carve-out of the firm’s flagship multi-strategy fund of funds, RAS India Fund-of Funds, which launched in November 2006. In its first three months of trading, co-founder Robert Rahbari said the new offering is approximately flat.

India Absolute Return is a multi-strat arbitrage vehicle with exposure to relative value, cash-futures, pair trading, statistical, volatility and convertible bond arbitrage. There are currently four managers in the portfolio. Rahbari said the fund is actively seeking new managers, but that it is limiting its exposure to five managers this year because “a lot of the trades tend to be similar.”

In addition, Rahbari said the firm is in the initial stage of planning a seeding platform for emerging India-focused managers. The platform will launch later on this year or by early next year.

RAS’ flagship fund of funds finished 2007 up 42%, though this year it is down “in the high teens, but significantly less than Indian markets,” said Rahbari, adding that “anything in the equities space was hit pretty hard.”

Rahbari, a chief compliance officer at Ferro Capital, co-founded RAS with Rohit Aggarwal, a former executive director with Oppenheimer & Co., and Anand Sekaran, founder of Wasson Capital Advisors.


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

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.