Altavista unveils Indian equity fund

indiaLondon-based Altavista Investment Management has launched an Indian equity fund that will invest in a concentrated portfolio of just 15 companies. The fund, which is domiciled in Mauritius, has a minimum subscription of $1 million and charges a performance fee in addition to a 1% management fee. “We are long term investors and are willing to trade near term uncertainty for long term potential,” said Vinod Nair, managing director. “For example, currently, despite the recent run up in the Indian markets, the pharma, telecoms and IT services sectors have lagged significantly and are trading significantly below historical multiples. Our research efforts are currently focused on these sectors.” Founded in 2007, Altavista has $272 million under management. It manages a global equity fund and an existing Indian vehicle, the Altavista Capital India Fund. The new fund is denominated in dollars. HSBC is the custodian and Deutsche Bank is the administrator. ©2017 funds global asia

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