Steadview Capital, founded by Ravi Mehta, sees its assets tripling to $100 million in the next year as its strong performance is expected to draw investors. The India-focused long/short fund has recorded a return of 92% since launching in July 2009.
Steadview, which was seeded by former Goldman Sachs (Asia) chairman and Soros Fund Management CEO Mark Schwartz, has increased its assets five-fold this year already.
Mehta’s Steadview Capital Master Fund, which started with$500,000 and managed just about $1.8 million last July, was ranked the best performing Asian equity including Japan hedge fund for its 38.55% return in the year ending June, according to data from industry tracker AsiaHedge.
It has returned 12.9% this year, as of the end of July. By comparison, India’s benchmark share index has lost 10.8%.