Akshayam’s visionary ‘kicking the tyres’ strategy pays off

Mon Nov 19, 2012

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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

Ajay Sharma
Kedar Wagle
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 outperformance.

"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...

ISSN: 2151-1845 / CDC10004H

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