Avendus-owned UK asset manager Ocean Dial floats maiden public equity fund

UK-based Ocean Dial Asset Management, acquired by financial services firm Avendus Group last year, has launched a maiden public equity fund that aims to raise Rs 1,500 crore ($221 million).

The alternative investment fund has already received commitment of Rs 50 crore ($7.4 million) from anchor investors including family offices and high net-worth or very wealthy individuals.

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Capital-Starved India needs availability and willingness of large pools of capital and the ability to access these

India is a capital-starved country and Indian startups and small businesses are struggling to access large pools of capital to grow, for technology, hiring, working capital, and other needs. India needs to attract more and more overseas capital to create and grow companies. Last year, over $26 billion in private equity/venture capital funds was invested in India, over 346 Alternative Investment Funds (AIF) formed with over $5 billion of investible capital. For a $2.2 trillion economy of India’s size growing at 7+ per cent, the need for funds is enormous. Over $9 billion is waiting to be invested from earlier funds.

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Edelweiss Alternate Asset Advisors raises Rs. 2,000 crore fund

Edelweiss Alternative Asset Advisors Ltd, a unit of the Edelweiss group, achieved the targeted base offering size of Rs. 2,000 crore for its infrastructure sector focused fund—Edelweiss Infrastructure Yield Plus Fund. The fund aims to raise another Rs. 4,500 crore via a green shoe option in the next 12 months, the company said in a statement.

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Hedge fund bosses: man and machine key to beating markets

Hedge funds will need to adopt artificial intelligence and machine learning in order to stay competitive in the years ahead, increasing competition with the likes of Amazon for the brightest technological minds.

That is according to trade body the Alternative Investment Management Association, which spoke to 25 hedge fund executives and academics for a report entitled Perspectives — Industry leaders on the future of the hedge fund industry.

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Avendus to raise Rs 3,000 crore via AIFs

Avendus Capital is raising Rs 3,000 crore to expand its kitty on alternative investments, with the financial services firm targeting family offices, high net worth individuals and corporate treasuries to sell its products.

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The Digital Challenge Through A Private Equity Lens

The digital revolution is presenting a bewildering mix of risks and opportunities for investors. At a time when technology is disrupting markets and transforming businesses with alarming speed, the risk of getting blindsided is an ever-present concern. Yet it cuts both ways. The explosion of data, analytics and connectivity has dramatically enhanced PE funds’ ability to assess companies in due diligence and to improve their performance during the holding period. As markets rapidly transform, funds can find as many opportunities as risks if they have developed the ability to handicap change better than the competition.

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SEBI puts in place detailed modality on beneficial owners of FPIs

Market regulator SEBI came out with a circular on 10th April giving detailed framework in order to identify and verify beneficial owners of foreign portfolio investors (FPIs). Beneficial owner (BO) is the natural person, who ultimately owns or controls an FPI. Under the framework, beneficial ownership of FPIs having structure of company or trust should be identified on controlling ownership interest and control basis.

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Blockchain Platform To Tokenize “Antiquated” Alternative Investments Sector

An established, award-winning financial services company is vowing to “create huge efficiencies and scalability” for the alternative investments industry by implementing Blockchain and “tokenizing an antiquated system.”

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Electric Vehicles – Next Big Thing in Green Tech

The mass production of electric vehicles is the next big thing in green tech. The advancement in technology and logistics management have brought substantial reduction in cost.

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Angel Tax: Indian Startups May Get Policy Boost From Indian Govt.

In a recent notification, while the Income Tax department has already halted angel tax recovery operations from startups, it appears that the Indian government is now considering to provide certain exemption to angel investors under Section 42 of the Companies Act.

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