Tuesday, 21 October 2014
Last updated 7 hours ago
Dec 20 2006 | 10:14am ET
Amit Chokshi, a former associate at the Royal Bank of Scotland, recently launched Kinnaras Capital Partners, an equity long/short vehicle.
On the long side, Chokshi is putting together a portfolio of concentrated stocks that are deeply undervalued but he isn’t necessarily shorting stocks that are overvalued. “Short ideas that I have are stocks that are trading at low P/E ratios because they look like value traps,” he said. “Sometimes you see a company with a low P/E ratio because they had maybe a one-time gain from an asset sale but their actual operating incomes continue to deteriorate.”
Kinnaras charges fees a 2% management fee and 20% performance fee, with an unusually low $50,000 minimum investment requirement. Chokshi said he purposefully set the minimum investment below industry standards because he wanted to make it viable to use his own network and raise money realistically.
Chokshi worked in the corporate advisory services group of the RBS, advising private equity groups on mergers and acquisitions. His firm, Kinnaras Capital Management, is based Stamford, Conn.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Sep 30 2014 | 9:29am ET
The crisp Autumnal days of October are upon us, and so are a few of the hedge fund industry’s favorite charitable events. If you have never been to Rocktoberfest, well, you are missing out. And for a quieter evening of sipping and socializing, stop by HFC’s Wine Soiree. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...