HedgeCo.Net

West Palm Beach (HedgeCo.net) - Venus Capital Management, Inc. has launched the Venus Index Plus Fund. The general objective of the Fund is to outperform the S&P CNX Nifty India Index without changing the weights in the Index.

Venus Capital, after conducting a detailed analysis of India-dedicated hedge funds, found that most India funds, both inside and outside of India, underperformed the S&P CNX Nifty India index on a risk-adjusted basis. They have high Beta with a low Sharpe ratio. This became even more evident this year when the Indian markets dropped approximately 40% and a typical India fund lost 40-55% in the first six months of the year.  Venus has segregated Alpha from Beta and has products for investors seeking either. However, Venus feels that “2 and 20” fees should not be paid to obtain Beta and hence, have launched the flat fee Index fund.

The Index fund is engineered to track and outperform the benchmark Indian Index without changing the weights of the Index constituents. It will be available in unlevered, 1x, 2x levered and short versions with daily liquidity, enabling institutional investors to time the market and take advantage of their macro views and also use as a hedge against exposure to long biased India managers.

Venus Capital expects this product to outperform the S&P CNX Nifty India index since the S&P CNX Nifty India Index futures typically roll at a discount to fair value of the underlying S&P CNX Nifty India index on a monthly basis and the left over cash (as futures require only 25% margin) can be deployed in short-term instruments.

The fund offers beta exposure to one of the fastest growing economies, in a cost efficient manner compared to traditional mutual funds and hedge funds. “We do not believe investors should pay 2 and 20 fees for Beta” said Vik, CEO of Venus Capital Management, Inc. Venus Capital has been in business since 1994 and is the oldest India-focused hedge fund company.  The founder and CEO, Vik Mehrotra, has over 20 years of investment experience and is assisted by over 20 analysts and traders.

Investors can request a private placement memorandum for the Venus (India) Index Plus Fund by visiting the manager’s website. The fund is open to accredited and qualified investors only and the minimum initial investment amount is $1,000,000.

Venus Capital Management, Inc. was founded in 1994. The company was registered with the Securities & Exchange Commission in the United States as a Registered Investment Advisory company in 2000.  The firm manages wealth for several family offices and institutions with an emphasis on increased allocations to Asia in a risk averse manner.

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: asset-classes, best-energy, boston, closed-end-mutual-funds, composite-index, founding-partners, john-mcallister, mutual-fund, newcastle, NY, party-vendors, philadelphia-inquirer, prison-term, stage-investors

Bloomberg - Prime Minister Vladimir Putin said he’s “never heard of” Bill Browder, founder of the hedge-fund firm Hermitage Capital Management Inc. who has been barred from Russia since November 2005.

“I never heard of that name before,” Putin said in an interview with French newspaper Le Monde transmitted live to journalists in Paris yesterday. “If this person thinks his rights have been violated, let him go to court.”

Browder, 44, a U.S.-born British citizen, is banned from returning to Russia under a law that keeps out people denoted as threatening “the security of the state, public order or public health.” Hermitage, once the largest foreign owner of Russian stocks, said in April it’s a victim of corporate identity theft in Russia.

Putin, who stepped aside as president to become prime minister earlier this month, was queried about Browder’s exclusion at a press conference in St. Petersburg in July 2006. Putin said then he didn’t know who the reporter was talking about and could only presume he must have broken the law.

Read Complete Article 

Tags: bear-trap, investment-firm, nara, neptune, philadelphia-inquirer, superiors