Baer Capital has announced the launch of their new fund that invests in Indian equities, distressed debt and derivatives, further propelling Dubai’s prominence in the hedge fund industry.  The Beacon India Alpha Equity Fund is the latest fund aimed at capitalizing on India’s emerging markets.

‘We are extremely excited about the launch of the Beacon India Alpha Equity Fund which is a long short equity fund focused on listed Indian equities and managed by Baer Capital Partners International Ltd,” said Brij Singh, Founder and Chief Executive Officer of Baer Capital Partners.  “The Beacon India Alpha Equity Fund is an integral part of our mission to create a ‘Best in Class’ alternative asset management platform focused on India.”

This is the second hedge fund for Baer, who also manages a $220 million private equity fund centering on opportunities in India.  Norton Rose (Middle East) LLP has advised Baer on both the structure of the private equity fund and the hedge fund.
Baer isn’t the only company captivated by the potential of India.  Donald Trump Jr. just recently launched a fund focused on acquiring luxury properties in the subcontinent. 

In addition, big players in the hedge fund arena like D.E. Shaw, Renaissance Technologies and Och-Ziff Capital Management have already established their presence in the Indian market.

Baer Capital Partners was established in 2006 and focuses on investment management, corporate finance and wealth advisory.

Source: Hedgeco