Former RBS Associate Launches Long/Short Fund

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.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel's Griffin Reaches Settlement in Contentious Divorce

Oct 8 2015 | 10:14pm ET

Billionaire hedge fund manager Ken Griffin and his wife have settled a long-running...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note