Reuters – Steadview, an India-focused hedge fund seeded by Goldman Sachs (Asia) chairman Mark Schwartz, has made 12 times the returns of peers with bets on consumer and tech stocks, helping the fund grow its assets to $500 million in nearly five years.
Founded and managed by Hong Kong-based Ravi Mehta, a former Morgan Stanley (MS.N) banker, Steadview’s success stands out among Indian hedge funds who have seen their collective assets plunge by more than 50 percent to $2.4 billion since the 2008 financial crisis, according to data from Eurekahedge.
