Ocean Dial Asset Management Ltd, an asset management company owned by financial services firm Avendus Capital, has launched an equity public markets focused alternative investment fund (AIF), a senior company executive said. The asset manger is looking to raise up to Rs1,500 crore for the new fund.
Avendus acquired Ocean Dial, a UK-based asset management company, in August last year. As of April, Ocean Dial managed assets worth over $600 million.
