28/09/2011 Author: Elana Margulies

Bharat launches two managed account funds

Bharat Capital, a New York-based hedge fund manager, is launching its two managed account strategies to family offices and high-net-worth individuals globally.

The two offerings, the Liquid Credit Strategy and Special Situations Strategy, aim to reach capacities of $500m and $200m respectively.

“It’s a good time to invest because fewer analysts are covering small and mid-size event-driven securities,” said Sanjay Nayar, portfolio manager.

Nayar started Bharat in July 2009. He has over a decade of experience in the hedge fund industry.

The liquid credit strategy is up 16.91%, after chalking up a 0.51% return in August. The special situations strategy is up 51.93% after it generated a 2.90% return last month.

Both strategies have 0/30 fees and three-day lock-ups for the first year, followed by quarterly thereafter.