Sat, May 30, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Investment bank Avendus Capital hires Andrew Holland to enter hedge fund space

Friday, September 23, 2016

Komfie Manalo, Opalesque Asia:

Mid-sized investment bank Avendus Capital, based in Mumbai, India, has hired Ambit Investment Advisory chief executive officer Andrew Holland and Vaibhav Sanhavi as well as 10 other top management executives of the firm as it enters into the hedge funds business. Holand and Sanhavi were hired as CEO and co-CEO of the newly-established Avendus’ new company focused on hedge funds to augment its alternative asset management unit.

Avendus co-founter Ranu Vohra said the new hedge fund would use long-only and long-short strategies to augment its existing business of of Avezo Advisors Pvt Ltd (Avezo), a joint venture firm with Zodius Capital. Avezo is headed by Neeraj Bhargav with $200m in assets that are invested in across technology companies and PIPE deals, said VC Circle. Avezo is a SEBI-registered portfolio management entity.

"We are very excited to have one of the most experienced and respected teams in the alternative asset management business join us. With Andrew and team will take our business to the next level of growth," Vohra was quoted as saying.

Vohra explained that Avendus is targeting to manage $2bn over the next five years with the launch of its hedge fund business. Currently, the unit would be managed under Avendus’ alternative asset management business but a brand name would be decided after the team i......................

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. Tiger Global tops the list US-based venture capital market[more]

    Laxman Pai, Opalesque Asia: Tiger Global Management holds on to its position as market-leader in US-based venture capital, said a study. According to Preqin, the closure of tech-focused Tiger Global Private Investment Partners XII in January means the New York-based firm has raised more than

  2. Study: Emerging market bond issuers take hit as global recession deepens, The coronavirus pandemic could cost the global economy a nightmarish $82tn over 5 years, a Cambridge study warns[more]

    Emerging market bond issuers take hit as global recession deepens Increasing credit stress evident amongst many high-yield EM non-financial corporates as coronavirus disruption takes its toll, says Moody's. 74 out of 106 rated EM sovereigns have a stable outlook as of 30 April 2020 (compa

  3. Investing: Singer bets on Europe, emerging markets, Britain's unhealthy appetite for financial risk in essential services, How Stan Druckenmiller shook up his portfolio[more]

    Singer bets on Europe, emerging markets From Investment Magazine: William Blair's Brian Singer is looking to invest in Europe and the emerging markets as the recovery from the global economic shutdown to contain the pandemic will likely take longer than what the market has priced in.

  4. PE/VC: How Covid-19 could reshape private equity fundraising, The private equity bet that coronavirus cut short[more]

    How Covid-19 could reshape private equity fundraising From Asian Investor: The pandemic looks may have led to greater use of remote capital-raising but might it also encourage investors to establish more overseas offices? The coronavirus outbreak has inevitably hit the amount of mo

  5. Investing: Millennium hedge fund ups bet against Bank of Ireland, Value rotation was the last thing big funds thought would happen, Al Gore's firm sold Amazon and Microsoft stock. Here's what it bought.[more]

    Millennium hedge fund ups bet against Bank of Ireland From Independent: US hedge fund Millennium International Management has raised its bet against Bank of Ireland's shares. It comes as Davy says 2020 will be a write-off for banks, with losses across Irish lenders of €4bn. M