Swiss private bank, Julius Baer, has teamed up with Singapore-based fund managers, Abhijit Raha and Tarun Gandhi, to launch a multi-strategy Indian hedge fund off its platform.
The Julius Baer Multi Opportunities India Millennium Fund launched with between $10 and $20 million under management, raised largely from private investors. The fund aims to generate an annual return of 15%, while also placing an emphasis on controlling volatility. In the current market context, Raha says he expects the fund to have a capacity of about $200 million.
The fund, which has a minimum investment of $100,000, is expected to attract a diverse range of investors, including high net-worth...
