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This credit fund’s unconventional bet gave investors 20% return.

This credit fund’s unconventional bet gave investors 20% return.
This credit fund’s unconventional bet gave investors 20% return.
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Synopsis

While the sailing has been smooth so far for Sundaram Alternates, the fund’s real test will come when it grows big in size. It remains to be seen if the same strategy will work as it begins to compete with the big boys in the business.

When Sundaran Alternate Assets Ltd (Sundaram Alternates), a spin-off of Sundaram Asset Management Company Ltd which caters to the investment needs of high net-worth individuals, decided to start a credit fund dedicated to the real estate sector in 2017, it was met with a lot of scepticism. Real estate companies, sitting on huge inventories, were neck-deep in debt and the general concern was that there will be a lot of defaults. At the same time,
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The Economic Times