Avendus hedge fund crosses $500-mn mark as asset management biz grows

KKR-backed diversified financial services firm Avendus Group’s hedge fund has touched Rs 3,300 crore ($520 million) in assets under management as it nears its first anniversary, senior executives at the firm told VCCircle.The Avendus Absolute Return Fund, a category-III alternative investment fund, is managed by chief executive officers Andrew Holland ......