Market Investment | Pixr8 News

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...

Indian state-owned insurance and investment company, Life Corporation of India has booked record equity trading profits of Rs. 25,000 crore in 2017-18, much above Rs. 19,000 crores a year ago as informed by sources. LIC is known to adhere equity assets including mutual funds and shares worth Rs. 5 trillion (until the end of December) and profits approximately 5% of assets under management. Meanwhile, the company is working on its annual accounts, the same will be published in May. "The stock market has mostly been resilient in the past year and LIC has managed to get enough selling opportunities", reported a source on the promise of anonymity. Record-breaking profit from LIC is signaling a positive message if the insurer enhances its market exposure at the same time. This will ...

Tag: Market Investment

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

LIC Marks Record Breaking Profit Booking of Rs 25000 in FY18