Caledonia relaunches asset management boutique

Caledonia has relaunched India Investment Partners as Ocean Dial Asset Management and taken 100 per cent ownership of the boutique.

The company was previously 40 per cent owned by Caledonia.

Ocean Dial Asset Management is currently converting a large-cap domestically focused India close-ended company into an Oeic in the next couple months. The firm, which has local advisers based in Mumbai, also runs a mid-cap focused closed-ended investment company called the India Capital growth fund. The team will be headed up by David Cornell, managing director of Ocean Dial Advisers in Mumbai and principal investment adviser to Ocean Dial Asset management.

Cornell explains: “The aim is to offer investors different ways of participating in the success of the Indian economy. The investment process across the funds involves a highly disciplined stock selection approach, focusing on a bottom- up economic value analysis.”  

Caledonia, is chaired by Jamie Cayzer-Colvin from the Cayzer family that founded Gartmore.

Ocean Dial aims to offer a range of niche investment products.

Cayzer- Colvin says: “We have approximately 10 per cent of our £1.2bn assets invested in India and have shown true commitment to this market.”