Avendus Capital has acquired long only India equities fund manager Ocean Dial Asset Management, taking on £450m of AUM across three funds for an undisclosed fee.
The acquisition, subject to regulatory approval in the UK and India, will see Avendus obtain a 100% shareholding from chairman and managing director of Ocean Dial Investment Company, Raju Shukla. Ocean...
To aid regulatory reporting
Has run Cautious Managed fund since 2011
Expected in next few weeks