Jupiter has made its first post-MBO move by appointing Avinash Vazirani as a fund manager and director at the firm.
Vazirani joins from Peninsular Capital Partners, a firm he established back in 2005 and ran both long only and long/short funds from the Indian sub-continent.
As part of the deal, Jupiter will also take Vazirani’s long/short alpha fund across as well as the three of his team from Peninsula. Jupiter will also become investment adviser to the South Asia access fund.
Vazirani has some 13 years experience managing in the emerging markets equity arena having worked as chief investment officer for South Asia and Africa at BNP Paribas Asset Management for eight years prior to setting up Peninsula. He also had a stint as chief investment officer at GEM Dolphin Investments prior to it being sold to Premier Asset Management back in 1997.
Jupiter group chief investment office Edward Bonham Carter says: “We have steadily built our expertise in Asia during the past two years in recognition of the increasing influence the region, and in particular China and India, are exerting on the global economy and the investment opportunities they offer.”
Vazirani says: “The investment case for India is powerful: the country – which is home to a quarter of the world’s under 25s – has a positive demographic profile, an emerging middle class, good corporate governance and an economy that has a low reliance on foreign trade.”