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 ecti tive Focus on identifying unique investment opportunities that consistently generate superior (risk adjusted) returns with due emphasis on capital preservation. Perf rforman ance Advisory ory Team Ann. Core group of 10 professionals, headed by Sarath Reddy , having Year of Fund Name CAGR Correlation Standard Inception considerable experience in Indian capital markets. Deviation Event Arbitrage 2002 14.99% 0.05 8.47% Portf tfoli olio o Risk Controls ls Sector Trends Large Cap 2011 20.09% 0.85 15.51% Comprehensive risk management framework including in- Delisting* 2009 43.00% 0.62 14.54% depth stock reviews, exposure limits and marketable liquidity Insider Shadow* 2010 16.65% 0.89 20.91% assessment. DVD* 2013 41.04% 0.74 19.05% Holdco* 2014 48.44% 0.67 29.23% Robust risk monitoring mechanisms comprising of daily Spin Off 2014 27.24% 0.76 20.39% MTM and liquidity assessment combined with real-time APJ 20* 2015 26.35% 0.82 18.97% tracking of corporate events and performance. Green Fund* 2017 29.12% 0.80 15.43% Operati tional nal Risk Control 27.35% # Blended Fund 2017 0.93 18.75% Best-in-class prime broker, custodian and counter parties . * Closed for subscription # Flat Return
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 en E. B Buffett ett • Unifi has a successful 16 year performance record, evidenced by every fund having performed better than its benchmark. • Unifi is headquartered in Chennai with offices in Bangalore, Hyderabad, Mumbai and Delhi with a total team size of 57 professionals.
Unifi: Historical Timeline 17 Years 2018 Blended Fund 2017 Timeline of Unifi History & Events The Green Fund 4 New office 2016 in Delhi 2015 APJ 20 Fund India Spin-Off Fund 2014 Unifi Alternative Unifi Financial Investment fund launched subsidiary Holdco registered as Fund Unifi Foundation Expansion into Bangalore Foray into Mumbai NBFC setup Additional Office in 2013 Hyderabad 2012 2011 2010 2009 2008 2006 2003 Deep Value Registered with Discount SEBI Fund 2002 Sector Trend Fund Delisting Unifi Fund Sector Trend Insider Fund Offshore Fund Relaunch Shadow Event Arbitrage Fund fund 2001 Unifi is founded
Funds Management Fund Details Fu ls Funds Portf Fu tfoli olio Domest mestic ic Funds ds Event Arbitrage ‘Alternate Fund’, (2002 ) Firm Assets Administrator & Custodian Registered with SEBI since 2002 as a PMS Rs. 39,300 million IL&FS Sec. Services (ISSL) Delisting Fund, (2009)* provider . SEBI Reg No. INPO 00000613 Insider Shadow Fund, (2010)* Minimum Investment Funds Auditor Sector Trends Large Cap Fund, (2011) Rs. 2.5 million K.S.Jagannathan & Co. Clien ents s Firm Auditor Deep Value @ Discount Fund, (2013) * High Networth Individuals, Family Offices, Senior Brahmayya & Co. Corporate Professionals and NRIs Holdco Fund, (2014)* Average Investment Bank Spin Off Fund, (2014) Loca cation ions Rs. 12.68 million HDFC Bank APJ 20 Fund, (2015)* Client base spread across India and abroad, The Green Fund, (2017) Legal Advisor Fees managed through offices in Chennai, Hyderabad, HSB Partners Combination of mgmt. & Bangalore , Mumbai & Delhi Blended Fund, (2017) * Closed for subscription performance fees Fund d Details ils Inter erna natio ional nal Funds Offsh shore e Fu Funds Portf tfoli olio Date of Inception Fees Registered with FSC Mauritius since 2007 Unifi India Fund 31 st December 2011 1% Management Fee FSC Mauritius Reg. No. C107003590 20% Performance fee over LIBOR Fund Assets Administrator Clien ents $ 1.87 million Apex Fund Services Ltd. Institutions, Family Offices Firm Assets Prime Broker About $ 588 million Kotak Mahindra (UK) Ltd. Loca cation ions Managed by subsidiary in Mauritius (Unifi Min Investment Auditor Investment Management Ltd.) $ 5 00,000 Nexia Baker & Arenson, 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 10 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 and 2 years with ICICI Bank’s Corporate Banking division. Saravanan manages Event arbitrage fund and the 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 9 years and currently handles equity research across IT, real estate and the agricultural sector and also assists the CIO in managing the company’s Large Cap, APJ 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 – Analysis Idea Generation Process O Long Term T Investment H Themes E S Fu Fund Manager er – I Evaluation of Risk/Return scenarios Review & Select Investment S Opportunities T E S T Opportunistic INVESTMENT COMMITTEE FUND D LAUNC NCH I Investment REVIEW Themes N G
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