FinanceAsia – Ashutosh Sinha teams up with his younger brother to launch an Asia long/short hedge fund.
Ashutosh Sinha has left Morgan Stanley investment Management in Singapore to launch his own fund business. He is partnering with his younger brother, Manish, to introduce an Asia ex-Japan equities long/short hedge fund.
Sinha had been managing director, head of Asian investments and co-portfolio manager for global emerging markets at Morgan Stanley. He has been the Asia ex-Japan equities CIO since 2000.
He has been at the firm for 11 years, starting off as an Indian equities manager. Among his achievements is having revamped the team in the wake of the 1997-98 financial crisis and went on to double assets under management. Sinha got his start as a fund manager at SBI Funds in India during the early 1990s.
He leaves behind a $10.5 billion portfolio in Asian equities run out of Singapore. The firm is recruiting a new CIO from outside, a process that Sinha is helping with. In the meantime, day-to-day work is being overseen by Narayn Ramachandran, co-head of the emerging markets team. Sinha believes his replacement will be on board before June. This is his last week working at the firm.
The new partnership, Amoeba Capital Partners, is based in Singapore and expects to have enough commitments to launch the fund in mid-June. Sinha says he is in discussions with a number of endowments and pension funds in the United States, and a few in Hong Kong as well.
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