Saturday, 28 November 2015
Last updated 5 hours ago
Dec 8 2005 | 5:06pm ET
Fulcrum Investment Group has teamed up with Dawnay Day AV Financial Services to launch an India-focused, multi-strategy fund, Fulcrum DDAV India Opportunity Fund. The fund is expected to launch Jan. 1.
The new offering will be advised by DDAV, which is based in Mumbai, India. The fund will invest in directional value and growth investments, long/short, market neutral equity, merger arbitrage and index arbitrage, and longer-term, private equity-like investments in emerging companies. The vehicle will primarily invest in publicly listed companies with a mix of large-cap, mid-cap and emerging companies.
Ravi Jain, formerly ceo of EGAR Technology and IVolatility.com, has been brought on to provide risk oversight for the fund.
The fund is being pitched to institutions and high-net-worth individuals. It is the first of several funds Fulcrum plans to launch in the region, said John Morris, managing member of Fulcrum.
“India has been one of the strongest growing markets recently. However, we are just at the beginning of a potentially long economic growth and expansion cycle in India,” Morris said. “The growth and economic reforms provide tremendous investment opportunities.”
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…