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Indian mutual fund powerhouse IDFC incubates liquid alternatives division, hires hedge fund manager

Thursday, March 16, 2017
Opalesque Industry Update - IDFC AMC, the $8.6 bn asset manager of Mumbai listed IDFC group, announced the launch of its Liquid Alternatives division and the hiring of Vijay Krishna-Kumar, a seasoned India focused Hedge Fund manager. The division will offer, manage and advise alternative investment products and mandates from foreign institutional investors as well as sophisticated clients and family offices.

Mr. Krishna-Kumar comes with 17 years of international money management experience, running top performing India focused Long/Short mandates for SteppenWolf Capital LLC (Switzerland/Mumbai), The Chatterjee Group (Mumbai/NY) and PCE Investors (London). Prior to this role, he managed a top 5 percentile Eurekahedge peer ranked India long/short fund at The Chatterjee Group and European institutional mandates for PCE Investors in London. He is an alum of UEA Norwich (BSc. Accountancy with Law) and Durham University (MSc. Corporate and International Finance) in the UK.

Commenting on this initiative, Vishal Kapoor, CEO, IDFC AMC said, "The launch of our new Liquid Alternatives division and on-boarding Vijay as a leading specialist in this area crystallises our plan to widen our product offering for sophisticated investors and family offices looking for stable and market uncorrelated returns."

IDFC Asset Management Company Ltd. was established in 2000 and is already one of the largest Mutual Fund houses in India. IDFC Asset Management Company Ltd. is sponsored by IDFC Ltd. The AMC manages a range of funds across debt and equity asset classes and has a distribution reach that covers 39 cities directly and has an indirect presence in over 283 towns across India. With a strong research capability and a performance track record, IDFC MF has received a number of awards and recognitions for its schemes' performance from different research and rating agencies.

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