Atyant’s India team aims for $200m


Pratik Sharma
Atyant Capital says it is looking at a $200 million capacity for its high-conviction, long-only India Fund, which delivered a 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 seeing disappointing returns from its original strategy. The managers have not employed leverage or shorted stocks since then.

Atyant managing director Pratik Sharma said the high-conviction strategy considerably outperformed market benchmarks