Rajesh Sachdeva was lucky enough to be between firms when financial markets collapsed, but his new venture, Flowering Tree, is ready to pick up some bargains after the turmoil
Being on the sidelines is rarely where a hedge fund manager wants to be, but for much of last year Rajesh Sachdeva was happy to be between his previous venture and his latest one. There were plenty of lessons to be learned, but he was fortunate not to have to learn them the hard way. "I was in a unique position of watching two trains collide, while not being on either of them," he says.
Sachdeva co-founded Sansar Capital in 2005, and by the time he left the firm in 2008 it had assets under management of more than $3 billion. The financial cushion that business venture gave Sachdeva enabled him to sit out the market last year...