Hedge Funds

Indus reaches capacity in Asia Pacific fund

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New York-based Asian equity specialist Indus Capital Partners has closed its flagship Indus Asia Pacific Fund to new capital, say clients. The fund, launched in 2000, is understood to have $2.1 billion in assets under management.

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. Indus currently manages firmwide assets of $4.9 billion, up from $4 billion on January 1.

After the Asia Pacific fund, the firm’s largest investment