RELATIONSHIP ACCOUNTABILITY PRODUCT Funds Management Services “ An investment in Knowledge pays the best interest. ” - Benjamin Franklin
Executive Summary Unifi Capital is a discretionary , long-only India centric fund manager; specializing in event oriented top-down themes and a bottom- up focus on “ growth with value ”. Objec ective Focus on identifying unique investment opportunities that consistently generate superior (risk adjusted) returns with due emphasis on capital preservation. Perf erfor ormance ance Portf tfoli olio o Risk Controls ols Ann. Year of Fund Name CAGR Correlation Standard Inception Deviation Comprehensive risk management framework including in- Event Arbitrage 2002 13.63% 0.02 7.96% depth stock reviews, exposure limits and marketable liquidity Sector Trends Large Cap 2011 21.11% 0.88 14.38% assessment. Delisting* 2009 43.00% 0.62 14.54% Robust risk monitoring mechanisms comprising of daily Insider Shadow 2010 10.82% 0.90 20.31% MTM and liquidity assessment combined with real-time DVD 2013 47.62% 0.79 18.59% tracking of corporate events and performance. Holdco 2014 61.28% 0.53 24.00% Spin Off 2014 34.98% 0.42 17.56% Operati tional nal Risk Control Advisory ory Team am Best-in-class prime broker, custodian and counter parties . Core group of 5 professionals, headed by Sarath Reddy, having a considerable experience in the India capital markets.
About Unifi • Unifi focuses on long only investment strategies as well as event arbitrage, focused on Indian equities, with a strong in-house research team & offering high levels of service supported by continuity & customization. “ • Core team of five experienced capital market Rule #1: Never lose money professionals who co-founded the company in Rule #2: Never forget Rule #1 2001. ” - Warren E. Buffett • Unifi has a successful 14 year performance record, evidenced by every fund having performed better than its benchmark. • Unifi is headquartered in Chennai with offices in Bangalore, Hyderabad, Mumbai, UAE and Mauritius. Total team strength is about 50.
Unifi: Historical Timeline 2014 14 Years Timeline of Unifi History & Events 2015 4 Holdco Fund India Spin-Off Unifi Alternative Fund Investment fund 2013 launched Deep Value Additional Office in Discount Mumbai Fund 2012 Unifi Foundation Unifi Investment setup Unifi Financial Partnered with Dubai Management Subsidiary Sector Trends 2011 subsidiary registered International Additional Office in in Mauritius Additional Office in Fund as NBFC Bangalore Securities Hyderabad 2010 Insider 2009 2008 2007 2006 2003 Shadow Registered with Fund SEBI 2002 Delisting Event Arbitrage Fund fund 2001 Unifi is founded
Funds Management Domes mestic ic Funds nds Fu Fund Details ls Fu Funds Portf tfoli olio Event Arbitrage ‘Alternate Fund’, (2002 ) Firm Assets Administrator & Custodian Registered with SEBI since 2002 as a PMS About Rs. 9000 Mn IL&FS Sec. Services (ISSL) Delisting Fund, (2009)* provider . SEBI Reg No. INPO 00000613 Insider Shadow Fund, (2010) Minimum Investment Funds Auditor Rs. 2.5 million K.S.Jagannathan & Co. Clien ents s Sector Trends Large Cap Fund, (2011) Firm Auditor High Networth Individuals, Family Offices, Senior Brahmayya & Co. Deep Value @ Discount Fund, (2013) Corporate Professionals and NRIs Average Investment Bank Holdco Fund, (2014) Loca cation ons Rs. 14 million HDFC Bank, Axis Bank Spin Off Fund, (2014) Client base spread across India and abroad, managed through offices in Chennai, Hyderabad, Legal Advisor Fees * Closed for subscription Bangalore , Mumbai & Middle East Markets HSB Partners Combination of mgmt. & performance fees Fu Fund Details ls Inter erna natio ional nal Funds ds Fu Funds Portf tfoli olio Date of Inception Fees Sector Trends Large Cap Fund, (2012) Registered with FSC Mauritius since 2007 1 st January 2012 1% Management Fee FSC Mauritius Reg. No. C107003590 20% Performance fee over LIBOR Fund Assets Administrator $ 5 mn Apex Fund Services Ltd. Clien ents Institutional, Family Offices Firm Assets Prime Broker About $ 136mn Kotak Mahindra (UK) Ltd. Loca cation ions Min Investment Auditor Managed by subsidiary in Mauritius (Unifi $ 500,000 Nexia Baker & Investment Management Ltd.) through offices in Arenson, Mauritius UAE and Mauritius Bank & Custodian Legal Advisor HSBC Bank Bingham Mc Cutchen LLB (USA)
Fund Management Key People SARATH K. REDDY MANAGING DIRECTOR AND CHIEF INVESTMENT OFFICER In a career spanning 25 years in the Indian financial sector, Sarath has handled a variety of functions across equities and fixed income. Having started his career with Standard Chartered Bank, Sarath took the first opportunity that came along to turn entrepreneur. He founded Unifi Capital in 2001 along with a highly experienced team of professionals. As Unifi’s Chief Investment Officer, he works very closely with the analysts and fund management team. SARAVANAN V.N. RESEARCH & PORTFOLIO MANAGER Saravanan is a Chartered Accountant with 12+ years of functional experience in equity research, corporate finance, auditing and taxation. He has been with Unifi for the last 9 years and currently tracks pharmaceuticals, NBFC and domestic debt markets. Additional responsibilities include advising on debt fund investments, hedging and arbitrage opportunities. His prior experience includes 3 years of articleship in PWC, 2 years in ICICI Bank Corporate Banking division. Saravanan manages Event arbitrage fund and AIF High yield fund. BAIDIK SARKAR RESEARCH & PORTFOLIO MANAGER Baidik is a Chartered Accountant with 10+ years of experience in consulting, corporate finance and equity research. He has been with UNIFI for last 7 years and currently handles equity research across IT, realestate and the agricultural sector and also assists the CIO in managing the company’s Large Cap and Spin Off fund. Prior to this, Baidik worked as a Strategy Consultant with the Government Reforms and Institutional Development arm of Pricewaterhouse Coopers (PwC).
Board of Directors Key People SARATH K. REDDY MANAGING DIRECTOR In a career spanning 25 years, Mr. Sarath Reddy has lead a variety of functions in the field of Investments. Having started his career in Mumbai with Standard Chartered Bank, he took the first opportunity that came along to turn into an entrepreneur. He founded Unifi Capital in 2001 with a highly experienced team of professionals. As Unifi’s Chief Investment Officer, he works very closely with the analysts and fund management team. NARENDRANATH K. EXECUTIVE DIRECTOR Narendranath is one of Unifi's co-founders. He manages day to day operations, finance and compliance. He began his financial services career in 1980. During a 20 year stint with a leading non-bank finance company, he has had hands-on exposure at a senior level to equipment leasing, hire purchase, and credit cards. Functionally, he has handled business development, client relationship, capital raising, compliance and back-room operations. G. MARAN EXECUTIVE DIRECTOR Maran is one of Unifi’s co-founders and currently holds position of Executive Director. Over his 16 years in the capital markets, he has worked with some of the leading names in the financial markets. His last stint was for four years at Alpic Bank of Bahrain & Kuwait Finance Ltd. He currently manages investments for some of Unifi’s most important relationships and has also been instrumental in spearheading Unifi’s initiatives into niche investment strategies and new geographies. SANDEEP REDDY Sandeep is the co-founder of Peepul Capital. Prior to the launch of Peepul Capital in 2000, he had 10 years of experience in Strategy Consulting with PriceWaterHouse in San Francisco and with Andersen Consulting in London. He has been one of the early participants in the rapidly evolving Indian private equity industry having been active for over ten years. He takes overall responsibility in defining and executing Peepul Capital's strategy. In that role he has spawned and built a number of entities as well as driven migration through their lifecycles.
Investment Approach Theme Development Concept V alidation & Review Portfolio Management H Y P Handoff to Research for Testing and In-depth Resear arch Team m – Analysis Idea Generation Process O Long Term T Investment H Themes E S Fund Manager Fu er – I Evaluation of Risk/Return scenarios Review & Select Investment S Opportunities T E S T Opportunistic INVESTMENT COMMITTEE FUND D LAUN UNCH I Investment REVIEW Themes N G
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