Welcome to Kuvera Capital
Superior returns in India over 15 years

An authentic hedge fund in the Indian market providing clients with stable long-term returns

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About

Kuvera Capital Partners LLP

Kuvera Capital Partners LLP (KCP) is an alternative asset manager specialising in Indian Equities. KCP manages the Kuvera Fund, one of the first Indian dedicated long/short funds to be launched. It was co-founded in 2004 by Raju Kamath with seeding from Marshall Wace. Kuvera provides clients with risk controlled access to the Indian market, one of the fastest growing in the world. Clients with Kuvera can maintain long-term exposure to a unique asset class and receive a great investment experience.

Invest In India

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Performance

Kuvera performance charts

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Statistics

Kuvera risk-return statistics

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year history

of the index volatility

of the index's annualised return

Compound Annual Return

Standard Deviation

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Sharpe Ratio

Rolling 5Y (annual return)

Rolling 3Y (annual return)

Rolling 1Y (annual return)

Max Drawdown (2008)

Winning Ratio

Investment Awards

Newsletters

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Approach

Our approach enables clients to remain invested in the India growth story for the long term

Portfolio Construction

Portfolios are constructed to extract the desired risk return profile with limits on position size, sector and exposures.

Macro View

An understanding of global risks as they affect India.

Detailed Market Knowledge

Large cap focus: a detailed knowledge of companies in our universe.

Portfolio Construction

An active short book made up of stocks not an Index.

Macro View

Derivatives are used to hedge out residual portfolio risk.

India

The Growth Story

A summary of key trends that typifies the Indian market

  • During the next four decades, Indian GDP is expected to grow at an annualized average of 8%, making it potentially the world's fastest-growing major economy until 2050.
  • Young and rapidly growing working-age population.
  • Growth in the manufacturing sector because of rising education and engineering skill levels.
  • Sustained growth of the consumer market driven by a rapidly growing middle class.
  • May 2019 re-election of reforming focused government.
  • "A bright spot" topped World Bank's growth outlook for 2015-2016 (+7.6%).
  • Indian automobile industry is one of the largest in the world with an annual production of 22m cars.
  • The Indian retail market is estimated to be US$600 billion and one of the top five retail markets in the world and fastest growing.
  • India's consumer market, the world's eleventh-largest, is expected to become fifth-largest by 2030.
  • 7th largest economy in the world (3rd on a PPP).
  • Home to 93 billionaires (2nd only to the US).
"As a market economy, India is poised to overtake the US in GDP by 2045" - PWC

The Opportunities & Challenges

Kuvera has a positive view but acknowledges the risks in getting there

  • Progressive

    Current government commited to dismantling bureaucracy, devolving power and attracting capital.

  • Because...

    Needs Foreign Investment

    India is supplied constrained and MUST attract foreign capital to achieve growth potential.

  • Therefore...

    Globally In Sync

    Growth and equity markets linked to global factors and liquidity.

  • Challenge #1

    Poverty

    21.3% of population below the poverty line.

  • Challenge #2

    Red Tape

    Ranked 130th out of 189 countries in the World Bank's 2015 ease of doing business index.

  • Challenge #3

    GDP

    GDP per capita is $1.8k. Government incentivised to elevate per capita numbers.

Team

The leadership team of Kuvera

Raju Kamath

Founder & Portfolio Manager


Prior to founding Kuvera, Raju spent 10 years with Dimensional Fund Advisors, where he developed and managed emerging markets equity and derivatives portfolios.

Assets managed totaled $1bn, invested across 19 markets. His track record at Dimensional (31 Mar 2003): Morningstar ranked his Emerging Market Fund as the 2nd best performer (out of 107 funds), on a 5 year basis and 3rd best (out of 173 funds), on a one year basis.

The UK Fund ranked 7th (out of 123 funds) on a 3 year basis and 10th (out of 69 funds) on a 1 year basis. He has an MBA (Finance) from Cass Business School, City University.

Wilson Hudkins Cáceres

COO


Wilson is the Chief Operating Officer of the Kuvera Fund. He is responsible for overseeing multiple business functions and assists in the development of the firm's long range business plan.

Previously, he was a Partner at Sigrun Partners as well as Managing Director at Fortis Bank (Now BNP PARIBAS FORTIS). Wilson has held senior positions at Abn Amro Bank, ACF Corporacion and other international and regional financial institutions.

He is a Chartered Financial Analyst (CFA) as well as a Professional Risk Manager (PRM). He holds an MBA as well as a BBA.

Rohit Shah

IT Operations


Previously Rohit was with BP Oil Trading for 15 years in London and South Africa.

His responsibilities included the automation and improvement of both back and front office processes as well as development of risk management systems for European Oil Trading. He subsequently founded an IT business.

At Kuvera, Rohit is responsible for improving the efficiency of operational controls and automation of both back and front office processes. He is an IT specialist and a qualified accountant.

Awards

Nominated for and won several industry awards

Contact

Please get in touch with us