| Business Standard- Dubai-headquartered Baer Capital Partners is planning to launch two India-dedicated hedge funds this year despite the bearish sentiment ruling the bourses since January-end. |
| The two funds – Beacon India Opportunities Fund with a corpus of $400 million and the $100 million Beacon India Growth Fund – will invest in listed companies. Baer is in the process of securing the regulatory approval for foreign institutional investor (FII) licence. |
| “Our shareholders have already lined up money for the Beacon India Opportunities Fund. This fund will invest mainly in mid-cap stocks. Investors will have the redemption option if they give a three-month notice at the month end. None of these funds would be involved in momentum trading, which is usually practised by hedge funds,” said Alok Sama, president and founder, Baer Capital Partners. |
| Baer Capital’s move comes after several leading hedge funds received approval from the Securities and Exchange Board of India (Sebi) in recent weeks. |
Baer Cap to launch two India-centric hedge funds
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