Anonymous ID: f67c71 March 14, 2018, 12:27 p.m. No.664708   🗄️.is 🔗kun

 

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Soros Alumnus Launches India-Focused Hedge Fund

 

May 14 2014 | 10:45am ET

 

A Soros Fund Management alumnus has launched his own India-focused hedge fund.

 

Sam Gupta's Grand Trunk Capital launched the India Opportunity Fund with money from friends and family but has teamed with Morgan Creek Capital Management to raise up to $200 million for the new venture, a person with knowledge of the fund told FINalternatives. The long-biased fund will focus on the Indian banking (75%) and media (25%) sectors.

 

Gupta was co-founder of Quantum India Fund Management, a joint venture with Soros Fund Management that invested $2.5 billion in India between 2006 and 2009. Prior to that, he was co-portfolio manager of Passport Capital's Passport India Fund, which specialized in long-term investment in the Indian markets. Before that, he was a managing director at Wasserstein Ventures and a senior associate at Encompass Ventures.

 

Gupta sees huge opportunity in India, said the source, particularly on the eve of what looks to be an election victory for the pro-business Narendra Modi of the Bharatiya Janata Party. The world's largest democracy went to the polls from April 7 to May 12, with official results to be announced May 16.

 

The new fund, structured as an onshore Delaware-based limited partnership and an offshore Mauritius-based fund, carries fees of 1.75% and 20% (subject to a 7% hurdle), imposes a two-year lockup (quarterly thereafter) and requires a minimum investment of $1 million

 

http:// www.finalternatives.com/node/27034

Anonymous ID: f67c71 March 14, 2018, 12:32 p.m. No.664763   🗄️.is 🔗kun

Iran invites Pakistan to join port project with India

 

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Iran's foreign minister has wrapped up a trip to Pakistan in which he made a surprise offer to let Islamabad take part in a major port project partly funded by Pakistan's archrival India.

 

India has helped to expand and develop Iran's Arabian Sea port of Chabahar as part of efforts to set up a trade link to Afghanistan and Central Asia that would bypass Pakistan. But Iranian Foreign Minister Mohammad Javad Zarif told Pakistan's Geo TV late Tuesday that Iran was open to participation in the project by Pakistan and China, both of which India views as rivals.

 

There was no immediate response from India, which has committed up to $500 million for the development of the Chabahar port along with associated roads and rail lines. In November, New Delhi shipped its first cargo of wheat to Afghanistan through the Iranian port.

 

Zarif, who arrived on Monday, met with senior officials and praised Pakistan for the "timely" sharing of intelligence, which he said allowed Iranian border guards to kill two would-be bombers. The restive area along the border has been the scene of several attacks by armed groups as well as drug smugglers.

 

http:// abcnews.go.com/International/wireStory/iranian-tehran-ready-resolve-differences-saudis-53731281

Anonymous ID: f67c71 March 14, 2018, 12:44 p.m. No.664873   🗄️.is 🔗kun

>>664808

WASHINGTON — Former President Barack Obama will be in India on Friday, Dec. 1, for a town hall in New Delhi hosted by his Obama Foundation aimed at young leaders.

 

“Most of India’s 1 billion people are under the age of 35, making the country one of the world’s most vibrant and diverse cultural hubs — and home to the next generation of civic leaders, entrepreneurs, scientists and artists. For these reasons, it is only fitting that India be the site for an Obama Foundation Town Hall with President Obama and young leaders from across the country,” Bernadette Meehan, Executive Director of International Programs at the Obama Foundation said in a statement.

 

“As the Obama Foundation designs its international programming, events like the town hall in New Delhi will be critical in ensuring we hear from a broad and diverse range of young civic leaders,” she said.

 

This is the fourth international event sponsored by Obama’s foundation and comes a month after a “summit” was held in Chicago, with the participants from around the globe.

 

Obama and his foundation have done events in Berlin, Germany; Jakarta, Indonesia; and São Paulo, Brazil.

https:// chicago.suntimes.com/news/obama-in-new-delhi-india-on-friday-for-obama-foundation-town-hall/