Old Bridge Capital Management receives Sebi nod to start mutual fund business
Old Bridge Capital Management (OBCM), a portfolio management firm, has received the final nod from markets regulator Sebi to commence its mutual fund business.Its asset management business has been named as Old Bridge Mutual Fund.
«We are delighted to receive this license to commence operations for Old Bridge Mutual Fund and will be launching our maiden actively managed equity scheme. As we move forward with our newly acquired license, we remain committed to providing investors with long term investment solutions on its mutual funds platform as well,” said Kenneth Andrade, Founder, Old Bridge Capital Management.
Andrade used to manage mutual fund schemes for 10 years during his earlier stint at IDFC Mutual Fund. He was also considered a star mutual fund manager. One of his schemes, IDFC Premier Equity Fund, delivered a CAGR growth of 22.3% over the ten-year period. He left the fund house in 2015 to start his own portfolio management scheme.
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Old Bridge Capital Management Private Limited was incorporated in December, 2015 and is registered with SEBI as a Portfolio Manager and an investment manager and Sponsor to a SEBI registered Category III Alternative Investment Fund named “Old Bridge Capital AIF”.The Company is also SEC Registered Investment Advisor (RIA).
