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Investing.com -- Schonfeld Strategic Advisors has provided $100 million in backing to Sarda Capital, a London-based startup that gives investors access to India’s equity markets through allocations to hedge funds in the South Asian country.
Sarda Capital launched last month with the funding from Schonfeld, according to a Bloomberg report on Monday. The firm currently has partnerships with five money managers in India through separately-managed accounts (SMAs). Sarda will manage Schonfeld’s investment in an SMA on a non-exclusive basis.
The investment manager focuses on Indian equities and derivatives to deliver market neutral, uncorrelated returns using both quantitative and fundamental approaches. The strategy aims to capitalize on market inefficiencies and mispricing in India’s retail-heavy and highly liquid local market.
Sarda Capital was co-founded in 2024 by Karan Sarda, Hetul Bhanabhai and Rollo Hesketh-Harvey. Karan Sarda, who serves as the firm’s chief investment officer, previously worked as a partner at Alma Capital Group. Before that, he was global head of hedge funds at DWS Group, the asset management arm of Deutsche Bank AG.
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