Indian endowment fund closes in on investment advisor
The IIT-Delhi Endowment fund has ambitions to become a $1 billion fund over the next decade and hopes to adopt some of the best practices from the world's top university endowment models.
India’s first endowment fund by a government-owned premier technology institute is close to picking an investment advisor to help with short- and long-term investments.
“We have a tender to help us identify an investment advisory. We are going through the process to identify the firm,” Anurag Rastogi, CEO of Indian Institute of Technology – Delhi (IIT Delhi), told AsianInvestor.
“We have identified the advisory firm but are in the process of finalising the agreement and other pr…
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