Kotak alternative investment arm’s AUM moves up to $2 bn

Kotak Investment Advisors Ltd, the alternatives investment arm of Kotak Mahindra Bank Ltd, has recorded an increase in its total assets under management (AUM) as it pooled in fresh money from domestic investors in a new open-ended private fund. Kotak raised Rs 657 crore (around $87 million) in the January-March period ......