Akshayam’s visionary ‘kicking the tyres’ strategy pays off
Mon Nov 19, 2012
Since setting up Akshayam Asian Fund in mid-2009, Kedar Wagle and Ajay Sharma have produced consistent and solid returns for investors through alpha generation from fundamentals-based bottom-up stock picking
When Kedar Wagle and Ajay Sharma decided to leave behind their
sterling careers running significant capital at top-tier firms
such as Alliance, Citigroup Asset Management and JP Morgan to
set up Akshayam Asian Fund mid-2009, many in the industry were
surprised. The duo had earned a name for themselves doing
fundamentals-driven investing across Asia and across multiple
market cycles for more than 18 years, with strong
"There is a paucity of fundamental managers like us in Asia,
with most funds' returns being driven by beta rather than
alpha," says Wagle. "Therefore when money comes into Asia and
looks for fundamental managers like us, we are well placed to
benefit from that flow. Doing things on our own not only means
that we can run the business on our own terms but that we also
enjoy maximum upside as this scenario plays out."
Indeed, the focus at...
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