After a remarkably robust performance in the last three
years, Hanover Square Capital’s internally-seeded
India Growth Fund is now eyeing outside money in a bid to grow
to a $200 million size in a year’s time.
The Mauritius-domiciled fund, which was launched in May
2009, has delivered a 27% annualised return in US dollar terms,
which is no mean feat given the backdrop of disappointing
returns from many India-focused funds recently.
The long-only strategy, which invests in 30 to 40 stocks of
large and mid cap Indian firms, posted its strongest
performance back in 2009...