Atyant Capital says it is looking at a $200 million capacity for its high conviction, long-only India Fund that has delivered 26.28% return year-to-date through June.
The Mauritius-domiciled fund which currently runs just under $14 million of assets, was launched in October 2005. It used to short securities and occasionally used leverage, but since July 2006 has adopted a straightforward long-only strategy after facing disappointing returns from its original strategy. The managers have not employed leverage or shorted stocks since then.
Atyant managing director Pratik Sharma says their high conviction strategy considerably outperformed market benchmarks in recent years