Hedge Funds

Indus Capital closes Asia Pacific fund to new capital


The Asian equity manager is no longer accepting new investments in its flagship fund.

Indus Capital Partners has shut its Indus Asia Pacific Fund to new capital, according to clients. The flagship fund, launched in 2000, manages $2.1 billion.

Managed by David Kowitz, Indus’s co-founder and managing partner, the long/short fund invests in Asian equities, excluding Japan, employing bottom-up analysis. Before launching Indus in 2000, co-founders Kowitz and Sheldon Kasowitz, ran Asian equities at Soros Fund Management. They left with their entire team to form Indus.

Indus manages firmwide assets of $4.9 billion, up from $4 billion on January 1. After the Asia Pacific fund, the firm’s largest investment