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Monsoon Capital to launch long/short equity fund, Monsoon India Dynamic Alpha Fund

Thursday, October 27, 2016
Opalesque Industry Update - Monsoon Capital said it would launch its new India fundamental long/short equity fund, Monsoon India Dynamic Alpha Fund (MIDAS), on November 1, 2016. Both the Delaware limited partnership (for US taxable investors) and the offshore fund (for non-US investors and tax-exempts) are now open for monthly subscriptions. We are offering discounted fees for early investors.

Monsoon Capital is a $200 million alternatives manager focused on India. "We have over 12 years of experience investing in the Indian capital markets with a 20+ person team based in Mumbai and Washington, DC. We believe that India provides attractive investment opportunities as one of the fastest growing major economies in the world," said Gautam Prakash.

He added, "Having invested in India through multiple market cycles, we developed the MIDAS strategy by combining a fundamental long-only stock selection process with an active dynamic hedging model to manage both equity market and currency risks. So, in rising markets MIDAS will tend to have high net exposures (+75% to +90% net long) while in falling markets MIDAS will tend to have low net exposures (0% to +45% net long), all the while maintaining a long-term portfolio of high quality, high growth stocks."

Similarly, when the Rupee is depreciating, MIDAS will typically be currency hedged whereas when the Rupee is appreciating, MIDAS will typicall be unhedged on the currency. This dynamic approach enables MIDAS to generate attractive gains in bull markets while controlling losses in bear markets.

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