FC – More than a dozen hedge funds have received the regulatory nod after the Securities and Exchange Board of India (Sebi) allowed hedge fund-like strategies to launch operations in India under alternative investment fund (AIF) Category-III segment.
The funds that got the regulatory green signal include Avendus India, Karvy Capital, Motilal Oswal, Capveda, DSP BlackRock, Edelweiss and Ambit Capital. The other hedge funds that received Sebi’s approval are Forefront, Unifi AIF, Malabar Capital, Monsoon Alternative Investment, Redart India and Mavenvest Absolute Return Fund. One hedge fund, SBI Pipe Fund, is awaiting approval.
