MSN India – Fund managers are aggressively selling the India theme to overseas investors. After Singapore-based Helios Capital’s fund manager Samir Arora’s India-focused Slumdog Millionaire Equity Fund, domestic brokerage firm India Infoline, run by Nirmal Jain, and Atlantis Investment Advisor headed by Vinay Gairola have launched India-focused off-shore funds.

While Gairola is trying to sell his India Alfa Fund to investors in West Asia, Singapore-based fund managers of India Infoline—Deepesh Pandey, the erstwhile deputy CIO of Mirae Asset, and Manish Srivastava, ex-fund manager of Halbis (HSBC Global Asset Management) — have conducted roadshows for the ‘Mumbai’ Fund in Hong Kong and US markets. Both are long-short equity funds and are likely to raise nearly $100 million.

Read Complete Article

Tags: arora, asia singapore, brokerage-firm, equity-fund, equity-funds, fund-managers, global asset management, india infoline, india theme, india-fund, investment-advisor, long short equity, manish srivastava, mdash, mirae asset, msn india, nirmal, overseas investors, rsquo, west asia

Reuters India – Vudayagiri said he will be transitioning out of Lightspeed by end of this month.

Sreenivasulu "Srini" Vudayagiri, an India based Venture Director with Lightspeed Venture Partners, is quitting the venture capital firm. When contacted, Vudayagiri said, "I will be transitioning out of Lightspeed by end of this month." He declined to comment on his next move, saying he will announce his plans at an appropriate time. "I will continue to be in the industry," Vudayagiri said.

Vudyagiri joined Lightspeed in 2007 from Thomas Weisel International, where he was heading the India-focused fund of funds. Thomas Weisel’s India fund was sold off to Guggenheim Partners last year.

Read Complete Article

Tags: guggenheim partners, india-fund, lightspeed venture partners, reuters, thomas weisel, venture capital firm

West Palm Beach (HedgeCo.net) – State-owned company China National Chemical Corporation (ChemChina) and hedge fund manager the Blackstone Group announced the closing of Blackstone’s investment in ChemChina subsidiary, China National Bluestar Corporation.

Bluestar has also completed its group restructuring and has registered as a Sino-foreign joint stock limited company. Blackstone will invest up to $600 million in Bluestar for a 20% stake. Two Senior Managing Directors of Blackstone, Antony Leung and Ben Jenkins, will join the board of Bluestar.

Headquartered in Beijing, ChemChina was founded in 2004, and administrated by the State-owned Assets Supervision and Administration Commission of the State Council of China. Through fast growth in the last 4 years, ChemChina is now a large group corporation with both asset value and revenue exceeding RMB100 billion ($14.6 billion). ChemChina is ranked 35th among China’s top 500 corporations, according to National Bureau of Statistics of China.

The Blackstone Group’s alternative asset management businesses include the management of corporate private equity funds, real estate opportunity funds, funds of hedge funds, mezzanine funds, senior debt funds, proprietary hedge funds and closed-end mutual funds.

Alex Akesson

Editor for HedgeCo.Net
Email: alex@hedgeco.net

HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

Tags: antony-leung, boston, chief-executive, energy-investments, film-financing, global-investor-network, india-fund, steve-moyer, weather-derivatives