BlackRock to roll out multi-asset fund in India

MUMBAI: BlackRock, the world's largest mutual fund which manages assets worth about $4.6 trillion, is launching its global multi-asset fund in India through the fund-of-funds route. Named Global Allocation Fund, the scheme manages assets worth about $105 billion — the size of the Indian mutual fund industry is about $165 billion. It has investments in equity, debt, cash and cash equivalents across 40 countries and in about 30 currencies.
Ikya ropes in HR expert for exec search biz
The Ajit Isaac-led Ikya Group has roped in HR specialist Dhananjay Bansod to spearhead the enterprise's executive search business.Bansod, who had stints with several MNCs and domestic firms including Deloitte, Mercer, Siemens and Nicholas Piramal, will operate out of Mumbai and will report to Isaac. The Bangalore-based Ikya is part of Fairfax Financial Group, owned by Indo-Canadian billionaire Prem Watsa. Isaac has been ramping up Ikya's business model through buyouts. Last month, the firm acquired the Chennai-based Hofincons Infotech and Solutions, a leading industrial asset management company, from Transfield Services of Australia.
(Contributed by Reeba Zachariah)