Business Standard

Karvy Wealth to launch hedge fund soon

Related News

said on Wednesday it would soon launch a hedge fund. Hrishikesh Parandekar, chief executive officer & group head (broking, wealth management and asset management), Karvy Wealth, said that thanks to the new norms for (AIF) issued by the Securities and Exchange Board of India (Sebi) earlier this year, the market would see many hedge funds launched.

The AIF guidelines will regulate all private equity players, venture funds, real estate funds and hedge funds. Like mutual funds, hedge funds pool investors’ money and invest those in financial instruments in an effort to make positive returns. They can invest in any asset class - stocks, bonds, commodities, real estate, private partnerships — or exotic debt products like packaged sub-prime mortgages. They can run highly concentrated portfolios. Till now, hedge funds have been largely unregulated.

has fixed a higher share of continuing interest for fund managers of hedge funds compared to those managing private equity/venture funds, infrastructure funds or those looking at small and medium enterprises (SMEs).

Parandekar said the fund will constitute both equity and currency. It will follow the quantitative algorithm method of investing, he said. Karvy is still in the early stages of getting approvals for it.

Read more on:   
|
|
|
|
|
|

Read More

BSE launches carbon index

Premier bourse BSE, in collaboration with the UK government, today launched BSE Carbonex, the first-of-its-kind index in India or any emerging market ...

Quick Links

 

Market News

Agri commodities' price to decline by 5% on diesel price cut

The Centre decided to decontrol diesel leading to a Rs 3.37 a litre price cut

Commodity exchanges try to revive volumes

They are banking on forward trading to make up for the loss due to the dwindling interest in gold and non-farm commodities futures

Today's picks- 21 October 2014

Nifty, Bank Nifty, BHEL, GAIL & Hindustan Unilever

Bullish bets on India at a high: Report

Investors more overweight on India compared to other emerging markets says Bank of America Merrill Lynch

EOW arrests two, attaches oil brand in NSEL scam

Gagn Suri, CEO of Yathuri Associates and Ranjeev Agarwal of PD Agro are the two borrowers arrested

Back to Top