Friday, 17 April 2015
Last updated 11 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.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…