Swordfish Investments, the private equity vehicle owned and managed by Amit Bhatia, has purchased a stake in Roc Capital Management, a statistical arbitrage quant fund based in New York. It marks a unique investment approach by a private family owned company to buy a stake in the GP of another hedge fund.
Roc Capital Management LP – considered the largest hedge-fund launch in 2009 with more than $1 billion in assets – is a New York based quantitative hedge fund started by Arvind Raghunathan, erstwhile head of Deutsche Bank AG’s global arbitrage business.
“We are very excited about the transaction. We actively look to partner with best in class managers and Arvind and ROC are pioneers in their space- adding a qualitative overlay to an otherwise quantitatively driven investment strategy” said Amit Bhatia, Senior Partner at Swordfish Investments.
Sunbeam U.S. Holdings LLC, the company used to acquire the stake, is jointly owned by Amit Bhatia and wife Vanisha Mittal Bhatia. The couple has also invested in Raghunathan’s outsourced fundamental-research operation in Chennai. Vistasoft India is a privately held company which provides “buy side” equity research and software services.
Swordfish manages and owns number of businesses, including its own long/short hedge fund. The company had a turnover of approx $2 billion last year.
About Swordfish Investments
Since its inception in 2005, Swordfish Investments has invested globally and across a wide range of sectors including media, education, telecoms, childcare, marketing and financial services. The company seeks to achieve attractive risk adjusted returns in public and private equity, capital markets and real estate. SwordFish Capital Management and SF Brokers are 2 additional businesses that make up the Swordfish Group of companies.
