First Water Capital Fund, managed by Arun Chulani, has delivered impressive returns, with a 5.4% gain in September 2023, making the 1-year return close to 47% and the 3-year rolling return at 43%. The fund has been ranked number one by Barclay Hedge s in the "Top 10 Equity-Long Only Hedge Funds" category, with a Dollar CAGR of 34%. Chulani attributes the fund s success to sticking with industries they understand and focusing on companies with strong balance sheets. He also emphasizes the need to embrace volatility and manage risk effectively.
BHIVE plans to raise a coworking-focused alternative investment fund (AIF) worth Rs 400 crore ($54m) to fuel its growth. The proposed new fund will target fully completed commercial real estate properties at prime locations with clear titles and occupancy certificates. The company will also wind up its current AIF fund, which Sandeep Gupta managed. The new fund will offer a unique opportunity to HNIs and family-owned businesses interested in investing a minimum of Rs 1 crore.