Date: 04th Nov 2022 | Publication: Ausbiz
Global investing
Based in Mumbai, Old Bridge manages money for most of India’s HNW and Family Offices as well as a large US Endowment Fund. It’s founder and CIO Kenneth Andrade joined us to discuss the investment opportunities there, as the country and its population grows. Kenneth discusses two key thematics in the Old Bridge portfolio, pharmaceuticals and real estate. Kenneth says as India continues to grow its exports and take on greater market share in the global supply chain. Over the course of the decade it should become dominant in both export of generics and providing clinical research solutions to the rest of the world. He also tells us real estate demand is likely to rise as India’s GDP per capita rises, pointing to IT professionals who are experiencing wages gains and significant employment is occurring in the sector to meet global demand for out outsourcing. A second derivative of this is that real estate will experience a significant upcycle. Listen for the names Kenneth has exposure to.
India Avenue is a boutique investment management firm providing investment solutions that allow our clients to benefit from India’s remarkable growth story.
OUR BUSINESS
2005
The journey towards the “birth” of India Avenue originated in 2005, when ING Investment Management started a business in India as a separate division, utilising a practiced multi-manager philosophy in markets like Australia, and exported it to India. Three of our founders, Mugunthan Siva, Rajeev Thakkar and Sajjan Raut Desai worked together for INGIM (India), building investment strategies and structures, under this philosophy and applying them to Indian capital markets
2011
In 2011 our founders started discussing the possibility of building an investment firm with a capability to provide a focus on India as an stand-alone investment jurisdiction for foreign investors. The founders identified Australia and New Zealand as nascent markets for investing in regional locations, with the potential to accelerate given education and insights which the firm could provide.
2015
By 2015 the group of founders decided to work full-time on this concept to bring it to life. They did this by leaving their existing employment, thus exercising high conviction in the investment region of India as a long-term structural story for investors in Australia and New Zealand. Thus, the firm India Avenue Investment Management was registered and came to life in 2015 in Sydney, Australia.
2016
After building our business for a period of 12 months, our first fund, The India Avenue Equity Fund was launched on 6th September 2016, with strong service provider partners like Equity Trustees (RE), Mainstream (Fund Administrator), KPMG (Fund Auditor) and BNP India (Custodian).
NOW
India Avenue is now a boutique investment business firm, with clients spread across family offices, high net worth individuals, wealth advisers and financial planning firms. Our firm has focused on education and knowledge as a driver of investment behaviour and have taken a long-term approach towards Australian and New Zealand investors contemplating an allocation to India’s growth as part of their portfolios. Our firm has assets in excess of A$50m and the India Avenue Equity Fund is rated “Recommended”* by Lonsec and is available on multiple investment platforms across Australia and New Zealand.