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Karvy eyes Rs 100 crore with maiden hedge fund

Business Standard – Hyderabad-based Karvy group has launched its first hedge fund, and aims to collect Rs 100 crore from a mix of high networth individuals and institutions, in its maiden foray into an industry which at its peak has managed trillions of dollars globally.

As is the norm for such funds which are known for strategies that look to generate alpha through short-term trading calls,  the fund will have a typical holding period of 10 days, a minimum of two and a maximum of 60 days, according to Swapnil Pawar, Chief Investment Officer of Karvy Capital-the asset management arm of the Karvy group launching the fund.

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