t1ps sets sights on India

Isle of Man based t1ps Investment Management (TIM), has announced plans to launch an India fund. The Elite t1ps India Fund will invest in undervalued small-medium sized Indian companies with a market cap of between $50-$750m and will seek to deliver long-term capital growth using bottom up analysis.

TIM, together with Rivington Street Holdings (RHS), will open an office in Mumbai in January 2012. TIM is a subsidiary of RHS and the Mumbai office will become the base for its fund management, media and software activities in India. 

TIM has recruited a new fund manager to be based in Mumbai who will manage the portfolio in conjunction with TIM’s senior fund manager Tom Winnifrithm, along with mid-cap specialists Robert Sutherland Smith, Ross Jones and James Faulkner.

“It’s clear that Indian GDP growth will out strip that of the UK over the next 20 years, so we would be missing a great investment opportunity if we were to ignore this market. RSH is developing a significant hub in India, with fully developed plans to unveil an office in Mumbai as of January 2012, and fund management is just one of the activities we are pursuing in India," says Winnifrith, who will be personally investing in the fund.

TIM has a good performance record so far on its existing funds. The SF T1ps Smaller Companies Growth Fund has returned more than 80% over 3 years and the SF T1ps Smaller Companies Gold Fund has returned 74.5% year to date.

The minimum investment in the Elite t1ps India Fund is £500. The expected launch date of the Fund is 1st August 2011, with the first pre-closure date for investment on 31st August 2011.

http://www.t1psim.com