Aurora Investment Management has entered into a strategic partnership with Adi Capital Management to provide early stage capital to funds managed by Adi.
Adi, founded by chief investment officer Paritosh Gupta, has started managing external capital at the outset of the New Year.
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Gupta will work alongside two investment professionals including Amit Anand, Nicholas Khuu as well as Robert Wong.
Prior to launching Adi, Gupta served as an analyst and managing director of Brahman Capital, a multi-billion dollar investment firm, where he worked from April 2005 to July 2013.
Adi said that it will follow a global long/short equity approach to identify investment opportunities involving companies undergoing dramatic structural and corporate change.
Commenting on the deal, Gupta said: "We believe the global investment environment today is particularly ripe with opportunity for our strategy, driven by historically high levels of CEO change, corporate restructurings, demutualizations, and government involvement in economic affairs."
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By GlobalDataJustin Sheperd, Chief Investment Officer of Aurora, said: "Adi’s emphasis on identifying companies undergoing dramatic structural and corporate change is particularly exciting in today’s investment climate, and we believe Adi will offer our clients a unique exposure to today’s robust global event landscape."
Founded in 1988, Aurora is a manager of hedge fund portfolios in the alternative investments industry.
