If the new allowance by the SEBI with regards to hedge funds is anything to go by, India may soon witness a case similar to the ongoing one in American-listed nutrition company Herbalife which is facing a hedge fund investor battle in its stock.
SEBI, the regulatory watch dog in the capital markets, recently granted registration to five of the eleven asset managers seeking its approval to come up with hedge funds, a Mint piece stated.
This takes the tally to eight as three firms had already secured permission. Their AUMs could likely be in the range of R3,000-3,500 Cr and if all the funds retain 100% of their corpus in the next one year, the total size could be a minimum $1 Bn.
Singapore’s sizeable office real estate finance trust by value, the CapitaLand Commercial Trust Management Limited, is all set to buy remaining 60 percent stake in CapitaGreen - Office Space, for about S$393 million ($285 million) from its partners CapitaLand Ltd. and Mitsubishi Estate Asia Pte