$3 Billion Manager Bets on India’s Beleaguered Financial Sector
$3 Billion Manager Bets on India’s Beleaguered Financial Sector 1(Bloomberg) — IIFL Asset Management Ltd., which oversees $3.3 billion in assets, is set to expand on a strategy of investing in the most stressed area of India’s economy: the financial services industry. The firm aims to eventually attract $1 billion from funds globally to invest in the nation’s privately owned banks, shadow lenders …
News story posted on 2019-12-11T07:05:00.0000000Z