Isle of Man based t1ps Investment Management (TIM), has announced plans to launch an India fund. The Elite t1ps India Fund will invest in undervalued small-medium sized Indian companies with a market cap of between $50-$750m and will seek to deliver long-term capital growth using bottom up analysis.
TIM, together with Rivington Street Holdings (RHS), will open an office in Mumbai in January 2012. TIM is a subsidiary of RHS and the Mumbai office will become the base for its fund management, media and software activities in India. TIM has recruited a new fund manager to be based in Mumbai who will manage the portfolio in conjunction with TIM’s senior fund manager Tom Winnifrithm, along with mid-cap specialists Robert Sutherland Smith, Ross Jones and James Faulkner. “It’s clear that Indian GDP growth will out strip that of the UK over the next 20 years, so we would be missing a gr...
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