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
‘In many ways, now should be India’s moment’
Net asset value rose 3.9% in the year to 31 December 2022, beating its benchmark
Shareholders had recently been given the option to wind up the fund after it ‘significantly underperformed its benchmark’
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.
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.
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.