Fund launches & closures

IIFL Capital opens up booming India strategy to external investors

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IIFL Capital, a Singapore-based India-focused firm, has opened its India equity long/short strategy to external investors. This follows a whopping 104.6% performance in the first nine months since its inception in 2009. The firm was managing capital in a managed account, and currently in the IIFL Capital Mumbai Fund, which now has approximately $26 million in assets.

The strategy is fundamentally driven long/short India focused with extensive fundamental research and is highly cognisant of micro and macro economic factors. It is agnostic in both -market capitalisation and investment style (growth/value), and aims to generate alpha in all market