Sun, Jul 5, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

India’s alternative funds swell to 100

Wednesday, March 26, 2014

Komfie Manalo, Opalesque Asia:

India’s market regulator Securities and Exchange Board of India or SEBI announced it has granted some 100 entities to operate Alternative Investment Funds (AIFs) in the country. AIFs are newly created class of investment vehicles that invest in hedge funds, real estate and private equity.

In a report, Oman Tribune said SEBI approved 11 entities this year, 67 last year and 22 in 2011. Amongst the AIFs that have registered with the SEBI are Religare Credit Investment Trust, Indian National gems Fund and Milestone Alternative Asset Fund.

Under SEBI rules, AIFs are funds that operate and incorporated in India that engage in pooled in capital from local or foreign investors. The rules also stipulated that AIFs could operate independently under three categories, including hedge funds, private equities and real estates.

Early this month, SEBI approved 13 hedge funds under alternative investment fund (AIF) Category-III segment.

The funds that got the regulatory green signal include Avendus India, Karvy Capital, Motilal Oswal, Ca­pveda, DSP BlackRock, Ed­elweiss and Ambit Capital. The other hedge funds that received Sebi’s approval are Forefront, Unifi AIF, Malabar C......................

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. Opalesque Exclusive: New systematic strategy managed alongside research firm outperforms S&P500[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: An emerging CTA manager explains how he runs his strategy, which is based on an index produced by a research firm. Peter Turk is head of

  2. Opalesque Exclusive: New systematic strategy embraces machine learning[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: The founder of a New York-based systematic trading firm, which offers a hybrid between alpha strategies and alternative feta at lower fees, describes his approa

  3. Larry Robbins' hedge fund Glenview buys 1m Tenet Healthcare shares[more]

    Komfie Manalo, Opalesque Asia: Glenview Capital Management said it bought an additional 979,482 shares at Tenet Healthcare Corp valued at $53.80 million, raising its stakes in the healthcare services company to 15.16%, reported

  4. Legal - Grayson’s hedge funds under scrutiny for possible ethics violations, Court rejects hedge fund’s motion to block merger of Samsung affiliates[more]

    Grayson’s hedge funds under scrutiny for possible ethics violations From Freebeacon.com: Rep. Alan Grayson is finding himself in hot water over managing hedge funds that bear his name, actions that are in possible violation of House ethics rules. Sitting members of Congress are prohibite

  5. Hedge funds decline in June as stocks tumble on Greek woes[more]

    From Bloomberg.com: Hedge funds posted losses across strategies last month as uncertainty over whether Greece will remain in the euro sent global stock markets tumbling. Winton Capital Management declined about 3.1 percent in June in its $12.1 billion Winton Futures Fund, leaving it down 1.9 percent

 

banner