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Goldman Sachs veteran Prashant Khemka to start own India fund

New company, White Oak Capital, will start operations by August

Bloomberg | Anto Antony & George Smith Alexander  |  Mumbai 

The fund manager who set up Goldman Sachs Group Inc's India-focused equity fund in 2006 is set to start one of his own after managing money at the US bank for more than 17 years. Prashant Khemka, who oversaw $5.3 billion in emerging-market assets until his departure in April, plans to launch two long-only, absolute-return funds for investing in Indian shares. An eight-member team is being assembled and the new company, named White Oak Capital, will start operations by August, the 45-year-old said in a phone interview. "The Indian equity market is home ground for me and it ...

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First Published: Wed, June 14 2017. 01:09 IST