AssetCo granted FCA approval for Ocean Dial acquisition
Deal for the £145.7m India Capital Growth Fund manager still requires consent from Indian regulators
Deal for the £145.7m India Capital Growth Fund manager still requires consent from Indian regulators
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‘In many ways, now should be India’s moment’
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Net asset value rose 3.9% in the year to 31 December 2022, beating its benchmark
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Shareholders had recently been given the option to wind up the fund after it ‘significantly underperformed its benchmark’
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A combination of improving headline macro-economic numbers, the rising expectation of a market friendly election result, plus ongoing uncertainty within the emerging market peer group, is drawing India back onto the global radar.
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Caledonia-owned boutique fund house Ocean Dial Asset Management has appointed Robin Sellers as chief executive as it continues to focus on investment prospects in India.
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India’s economy has disappointed in 2011 largely thanks to its domestic problems. But a domestic focus will also help to stimulate growth, as it appears to be doing already.
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