Reuters – Juggernaut Asia Fund, set-up by former Lehman Brothers’ managing director Yashwant Bajaj, has returned 45 percent since its August 1 launch by mainly betting on equity capital market deals and shorting companies such as scandal-hit Olympus Corp.
In an interview with Reuters, Bajaj said that while the long/short strategy had contributed the least, the short-term trading and event-driven strategy had produced two-thirds of the returns. About a quarter of the return had come from capital market deals.
