India fund to set up office in Dubai
Kuvera Capital Partners, one of the leading India investment managers, has received approval from the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC).
By PTI |
DUBAI: Kuvera Capital Partners, one of the leading India investment managers, has received approval from the Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC).
The move comes as Kuvera Capital seeks to expand its absolute return product offering for the Indian market.
Anoop Villait, the firm's CEO and Investment Manager, says DIFC offers a prime location with globally recognised regulatory standards and a solid growth platform.
"The DIFC gives us superb access to our primary investment market while ensuring we are able to operate within a centre with world-class regulation and business infrastructure," he said.
"We plan to expand our product offering over the next six months to provide our clients with further choice in a period of expected emerging market volatility," he added.
Villait believes the Indian equity market is on the verge of a secular, long-term rerating that will be supported by significant domestic economic development over the coming years. The short-term outlook, however, is more volatile.
Kuvera Capital Partners, regulated by the UK Financial Services Authority, has over 70 global investors.
The move comes as Kuvera Capital seeks to expand its absolute return product offering for the Indian market.
Anoop Villait, the firm's CEO and Investment Manager, says DIFC offers a prime location with globally recognised regulatory standards and a solid growth platform.
"The DIFC gives us superb access to our primary investment market while ensuring we are able to operate within a centre with world-class regulation and business infrastructure," he said.
"We plan to expand our product offering over the next six months to provide our clients with further choice in a period of expected emerging market volatility," he added.
Villait believes the Indian equity market is on the verge of a secular, long-term rerating that will be supported by significant domestic economic development over the coming years. The short-term outlook, however, is more volatile.
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Kuvera Capital Partners, regulated by the UK Financial Services Authority, has over 70 global investors.
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