Vaibhav Sanghavi-Managing largest Hedge fund in India

Vaibhav Sanghavi-Managing largest Hedge fund in India

My guest for today is Vaibhav Sanghavi , Co-CEO, Avendus Capital Public Markets Alternate Strategies LLP. Vaibhav Sanghavi has an overall work experience of 18 years with deep domain expertise in hedge funds. As part of his role, he is the lead portfolio manager for all its funds and holds a track record of outperforming markets across cycles. His expertise in generating risk-adjusted returns in equities across strategies has played a key role in Avendus being able to secure its position as the largest onshore hedge fund in India. Vaibhav has made a significant contribution to the development of AIFs (Alternative Investment Funds) in India, being an advisor to and member of various industry bodies. Prior to joining Avendus, Vaibhav worked with Ambit Investment Advisors as a Managing Director where he was responsible for driving their hedge fund business. Before Ambit, he worked for 3 years with DSP Merrill Lynch’s strategic risk group and was responsible for managing their proprietary investments in equities amounting to USD 1 billion. Vaibhav is a Chartered Accountant and has graduated from Narsee Monjee College of Commerce and Economics, Mumbai.

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Show Notes:

  • 1:20 Introduction to Vaibhav Sanghvi
  • 2:55 What is a hedge fund
  • 8:58 Hedge fund behaviour during times of volatility
  • 11:20 Investing experience broken down
  • 14:36 Value and growth investing
  • 17:10 Investment stereotypes people need to break
  • 22:23 Mental model/framework used while tracking funds
  • 23:57 Love for chess
  • 27:00 First stock vaibhav bought
  • 28:23 Last book vaibhav read
  • 29:28 Investment idol
  • 30:08 Life idol
  • 30:56 Vaibhav Sanghvi in 5 years
  • 31:50 ESG investing
  • 34:25 On rise of retail investing
  • 35:50 Mentorship advice