Hedge fund hires HSBC honcho in India

UK-based Clareville poaches HSBC fund manager for its first foray into Asia.
London-based hedge fund, Clareville Capital Partners announced it had recruited Krish Shanbhag from HSBC Asset Management to lead its India business.

Clareville made its first foray outside the United Kingdom when it opened a Mumbai office this year. It has $800 million of assets under management AUM globally and its well known funds include the Pegasus Fund and the Temple Fund.

Clareville founder and managing director David Yarron says Krish's extensive experience and contacts will be vitally important in the start-up of our Asian operation, and his record as a talented investment manager speaks for itself.

Yarron had earlier announced that the India fund, which is open-ended, would target investments of $250 million in Indian...
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