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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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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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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It’s A Seller’s Market For Private Equity Funds

With public markets strong and asset valuations high, private equity funds took advantage of a seller’s market in 2017. Exit value jumped 8.6%, to $366 billion, and the number of exits increased 3% to 1,063. Sellers saw strength across channels and geographies.

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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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Sale of bad loans slow down as ARCs bargain with banks over pricing

Banks sell assets to Asset Reconstruction Companies (ARCs) on a full-cash basis or through a 15:85 rule, where 15 percent of the value is paid in cash and the rest in the form of security receipts (SRs) which are instruments that can be sold to qualified buyers such as financial institutions, banks and alternative investment funds (AIFs) through a process of private placement.

While assets over Rs 16,000 crore have been put on sale to clean up balance sheets as the financial year ends, ARCs that buy distressed assets, have been looking for better pricing from banks thus slowing down the buying process,

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World Bank Group’s IFC Launch New Fintech Fund for Emerging Markets

The International Finance Corporation (IFC), a member of the World Bank Group and Victory Park Capital (VPC), a leading investment firm focused on providing flexible debt and opportunistic equity solutions worldwide, has launched a new fund. The new fund will invest in financial technology companies in emerging markets. The partnership aims to improve access to debt capital for financial technology companies that lend to small businesses and consumers in emerging markets.

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Webinar: Union Budget 2018 – Impact on AIFs, 19th Feb at 4.30PM

Indian Association of Alternative Investment Funds (IAAIF) is organising a webinar on “Union Budget 2018 – Impact on Alternative Investment Funds”. As a part of its objectives, IAAIF is committed to promote the professional development of the alternative investments industry and curating industry focused high quality education programs, events and professional & investor education initiatives. 

The Union Budget 2018 – Impact on Alternative Investment Funds webinar is scheduled on Monday 19th Feb 2018, from 4.30 PM to 5.30 PM. Webinar link:

http://aiwmindia.wiziqxt.com/online-class/302945

The webinar session will be conducted by Mr. Girish Vanvari, National Head of Tax, KPMG in India and Mr. Vikram Naik, Partner Deal Advisory Tax, KPMG in India