Parker leads India hedge funds
Nandita Agarwal Parker, who runs the best-performing India-focused hedge fund, is betting on a bull run
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WHEN Nandita Agarwal Parker started her India hedge fund a decade ago, all investors in the US wanted to talk about were her children and her husband. "When I went to fund-raise in 2004, a fund-of-funds guy told me 'Honey, what you need is a sugar daddy,' " Parker, 49, said in an interview at her colonial-style bungalow, which doubles as the office of Karma Capital Management LLC, on the outskirts of New Delhi.
Ms Parker beat the odds to now run the best-performing India-focused hedge fund over 10 years with investors mainly from the US. She plans to boost assets in her two funds, including the top ranking US$70 million Karma STAR, sevenfold to US$500 million in the next three years, betting on a "multi-year" bull run in the nation's equities, spurred by hopes of economic revival under Prime Minister Narendra Modi.
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