Tue, Sep 26, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

First domestic hedge fund launched in India

Monday, August 20, 2012

From Precy Dumlao, Opalesque Asia – India saw its first domestic hedge fund launch as the state regulator, the Securities and Exchange Board of India (SEBI), approved the license of Mumbai-based Forefront Alternative Investment Trust, Financial Chronicle reported.

Under SEBI’s new alternative investment funds rules, Forefront was placed in Category-III, a segment reserved for hedge funds.

Category III alternative investment funds (AIF) can use "diverse or complex trading strategies and may employ leverage including through investment in listed or unlisted derivatives," as prescribed under Sebi rules.

"For the purpose of this clause, alternative investment funds such as hedge funds or funds that trade with a view to making short-term returns or such other funds that are open ended and for which no specific incentives or concessions are given by the government or any other regulator shall be included," Sebi said in a statement.

Last week, six other firms registered with SEBI as AIFs, VCCircle.com reported, following the regulator’s May notification regarding rules on various investment firms, such as private equity, venture capital and hedge funds.

Three registered as Category I AIF (one is infrastructure, two are venture capital f......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. iCapital Network enters deal to acquire innovative U.S. private equity access fund platform from Deutsche Bank[more]

    Komfie Manalo, Opalesque Asia: Financial technology platform iCapital Network has entered into a definitive purchase agreement to acquire the US Private Equi

  2. Neuberger Berman closes $1.1bn Credit Opportunities Fund[more]

    Neuberger Berman, a private, independent, employee-owned investment manager, announced that NB Private Equity Credit Opportunities Fund LP closed on $1.1 billion of limited partner commitments. The Fund seeks to invest in the secured and unsecured debt of private equity-backed companies, primarily i

  3. Capital Dynamics launches mid-market private credit business[more]

    Capital Dynamics, a global private asset manager, has launched a dedicated Private Credit Asset Management business. Experienced industry executives Jens Ernberg and Thomas Hall have joined Capital Dynamics to co-lead the company's new private credit initiative. They are based in Capital Dynamics' N

  4. Artificial intelligence may replace 40% of all jobs: Bridgewater founder Ray Dalio[more]

    From Foxbusiness.com: Bridgewater Associates founder Ray Dalio said Friday that almost half of the jobs in the next two decades will be replaced by artificial intelligence. "By in large, the world is going to largely consist of people who can take language and put it into code, which then allo

  5. Opalesque Exclusive: US investment firms must have tailored cybersecurity policies and procedures in place[more]

    Benedicte Gravrand, Opalesque Geneva: Cyber attacks are on the increase. One of the last victims was Equifax, a US credit scoring agency. As a result of its insufficient cybersecurity program, the agency was slapped with state and federal investigations, private lawsuits and a summons for chief e