Hedge Fund Operating in India

Background: Graduated college in 08 and work for an accounting firm in their Asset Management practice.

An opportunity has recently presented itself for me to go out to Bangalore, India for 6-18 months (I'm trying to go for the shorter end of this). Part of my responsibility would be to be a liaison b/w our financial services office and our India office. It would give me a great opportunity to help shape our practice and have an impact on the whole process. It would give a tremendous experience in teaching and mentoring that would be harder to obtain in the states at my current level.

I'm pretty set on taking this opportunity. My question is (to those of you with experience) what the hedge fund landscape is in India. Being such a young economy, I'm guessing it is all very primitive. What about the future? Is there a future for India in the asset management field or is it destined to be a location for back office operations?

I'm trying to get an idea of how this can shape my career outside of my current firm if/when I decide to move on.

Any experience or references would be appreciated. Thanks.

Region

Comments (10)

 
May 19, 2010 - 10:15pm

I intuition would be that wealthy Indians would be VERY skeptical of investing in an Indian Hedge Fund... especially when there are plenty of alternatives with far more transparency, oversight and lower propensity for fraud/mishandling of funds.

I could be completely off base.

Array
 
May 19, 2010 - 10:37pm

Look indians started hedge funds over here, did rather well, so why not back there? Take it, it's not like you're there forever. You'll probably get bored of the country in like 2 seconds, but it can't hurt.

 
May 22, 2010 - 10:48am

I know of some hedge funds (based in USA) that has/desires-to setup shop in India. There are several operating models, but all of them locate their back-office (accounting/compliance/IT etc.) in India. However, front-office is mostly based in USA. Let me know, if you want more details....

 
May 25, 2010 - 7:04pm

Assamese,

I'd be interested in talking more about some of these funds. I know I have worked on several funds who have started subsidiaries in Mauritius in order to gain investment opportunities into the Indian market.

PM me and we can talk further

 
May 25, 2010 - 7:05pm

Indian Hedge Funds (Originally Posted: 11/03/2012)

Hello,

If anyone is in a good mode, can they pull out names of India based and India focused hedge funds from online premium subscriptions?

 
May 25, 2010 - 7:06pm

I ran a screen on Capital IQ.. I found over 4,000 hedge funds globally and surprisingly only 2 in India:
-De Shaw Composite Investments (Mauritius) Ltd.
-Alpine Assets Appreciation Fund Limited
There must be more though.. just Google it

 
May 25, 2010 - 7:07pm

http://www.finalternatives.com/node/21345

India Approves First Seven Hedge Funds(Aug 20 2012):

Kohlberg Kravis Roberts' India Alternative Credit Opportunities Fund is one of the funds now able to operate in India. The others are IFCI Syncamore India Infrastructure Fund, Utthishta Yekum Fund, Indiaquotient Investment Trust, Forefront Alternate Investment Trust, Excedo Realty Fund and Sabre Partners Trust.

Start Discussion

Popular Content See all

Life Hacks during WFH | How do you avoid burnout?
+52IBby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A
Leaked EY Email
+49IBby 1st Year Analyst in Investment Banking - Industry/Coverage">Analyst 1 in IB - Ind
I’ll never take WSO for granted again
+40OFFby Principal in Venture Capital">Principal in VC
What's so good about Evercore?
+29IBby Prospective Monkey in Investment Banking - Mergers and Acquisitions">Prospect in IB-M&A
Have any 1st year analysts actually quit?
+27IBby 1st Year Analyst in Investment Banking - Mergers and Acquisitions">Analyst 1 in IB-M&A

Total Avg Compensation

January 2021 Hedge Fund

  • Vice President (18) $520
  • Director/MD (10) $359
  • Portfolio Manager (7) $297
  • Manager (4) $282
  • 3rd+ Year Associate (18) $269
  • 2nd Year Associate (26) $251
  • Engineer/Quant (48) $234
  • 1st Year Associate (61) $189
  • Analysts (178) $167
  • Intern/Summer Associate (14) $125
  • Junior Trader (5) $102
  • Intern/Summer Analyst (198) $82

Leaderboard See all

1
LonLonMilk's picture
LonLonMilk
98.5
2
Secyh62's picture
Secyh62
98.3
3
Jamoldo's picture
Jamoldo
98.3
4
CompBanker's picture
CompBanker
97.9
5
redever's picture
redever
97.7
6
frgna's picture
frgna
97.6
7
Addinator's picture
Addinator
97.5
8
Edifice's picture
Edifice
97.5
9
bolo up's picture
bolo up
97.5
10
NuckFuts's picture
NuckFuts
97.5