Hedge fund Abakkus Asset Manager LLP has raised its stake in a securities broking firm that is backed by Canadian billionaire Prem Watsa-led Fairfax India Holdings Corp and ace investor Rakesh Jhunjhunwala. Abakkus bought 1.08 million shares in Mumbai-based IIFL Securities Ltd during the three months through March. The fund, set ......
Hedge fund Abakkus ups stake in Fairfax-backed securities broking firm
By Ankit Doshi
- 15 Apr 2020