Friday, March 29

Tag: AUM

Avendus Capital’s Second Hedge Fund Crosses Rs 1,000 crore
BUSINESS

Avendus Capital’s Second Hedge Fund Crosses Rs 1,000 crore

The second hedge fund launched by Mumbai based private equity firm, Avendus Capital titled Avendus Enhanced Return Fund (AERF) has crossed Rs. 1000 crore in assets under management within last four months of its launch as reported by the financial service group on Tuesday. AERF is an alternative investment fund that belongs to close-ended category III. "The fund will invest approximately 70% of the proceeds in the long-only portfolio, and 30% in the long/short portfolio", the statement said Andrew Holland and Vaibhav Sanghavi who are already managing Avendus Absolute Return fund will be managing AERF too. Andrew Holland, CEO at Avendus Capital Public Market Alternate Strategies said, Investors have been looking for investment opportunities that can make them participate in the me...