Sat, Jul 27, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

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.

Article link

What do you think?
   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. The Big Picture: CTA focused on Chinese futures continues to shine[more]

    B. G., Opalesque Geneva: Many well-known CTA groups have been investing in the China onshore commodity futures market opportunity as soon as it was possible. And foreign fund participation in this market is growing anew. One among them is Eagle, which has been active in the field for over 30 yea

  2. Opalesque Roundup: Emerging market hedge fund gains accelerate as AUM reaches highest level since 2Q 2022: hedge fund news[more]

    In the week ending June 28th 2024, industry figures showed that emerging markets hedge funds gains accelerated through mid-2Q, leading industry-wide regional performance with c

  3. Gordian Capital platform expands into Hong Kong[more]

    Laxman Pai, Opalesque Asia: Gordian Capital Hong Kong Limited, a unit of the USD 14 billion alternative manager Gordian Capital group, has been granted a license by the Securities and Futures Commission of Hong Kong to carry on Type 9 (Asset Management) and Type 4 (Advising on Securities) regulat

  4. Opalesque Exclusive: New convertible arb fund aims to do without old-school investing[more]

    B. G., Opalesque Geneva for New Managers: A new fund is revamping convertible arbitrage, one of the oldest hedge fund strategies, by adding a systematic layer to the common discretionary approach - where investment

  5. Other Voices: Will the tech boom feed the commodity cycle?[more]

    Reprinted with the permission of the author, Tim Pickering, founder and CIO of Canada-based quantitative investment manager Auspice Capital Advisors Ltd. Like many things within financial markets, the link between commodities and the overall economy and global stock markets is a bit o

Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. "Point 72: OR "CFM" OR "Capital Fund Management" or "Capula" or "Nephila" or "Ellington" or "Woodline" or "Watermark"
  2. Welwing
  3. Twelve Capital
  4. credit
  5. "Wolverine" or "Trexquant" or "Pilgrim Partners" or "AlphaGrep" or "AlphaMine" or "SG Capital" or "Cedar Street"
  1. mortgage fund
  2. bridgewater
  3. separately Managed Accounts
  4. focus
  5. social media