India Capital Management Ltd which has a total AUM of US$200M is proud to announce that it has won the “Best Single Country Fund of the Year” at the 2005 AsiaHedge Awards for it’s Fund, the India Capital Fund, presented last week on 20th October in Hong Kong. It was also nominated for the same award in 2003.
The AsiaHedge Awards are the longest established and most highly regarded awards that recognise the achievements of the Asian hedge fund industry. The Awards are based on a combination of NAV return, return versus benchmark and Sharp ratio, giving a risk-adjusted return criterion. The India Capital Fund came first out of the 5 other top nominated single country funds, covering regions such as China and Korea.
Dr Jon Thorn, the Portfolio Manager of the India Capital Fund, the main investment vehicle of India Capital Management, said; “We are very happy to receive this major award. We have been investing in India for more than 11 years, probably the longest continuous track record for an offshore fund investing in India.
“Also, this is the first major achievement award to be won by an India Fund. India has now arrived on the global asset allocation radar screen. India has the best investible growth in the world.”
India Capital Fund is an institutional investor fund, for accredited investors in the US, and does not accept retail investors from any jurisdiction. Its two largest investors are major US University Endowments. The fund invests in a concentrated, research driven portfolio of stocks.
Source: India Daily