Launches & Closures

Mishra’s Indea shutters India-focused hedge fund


Indian equity specialist Raj Mishra is shutting down his more than eight year old long/short equity focused fund to concentrate on running a long-only fund that he is looking to grow to a capacity of $500 million in assets.

Mishra is pushing for the closure of the Indea Absolute Return Fund after becoming sufficiently convinced that an existing long-only fund that he also manages will generate a superior return.

He has asked existing investors in the long/short fund to transfer their exposure to the long-only fund. It is understood that starting in July, he will only devote his efforts