Monday, 26 January 2015
Last updated 4 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.”
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…