Indian entrepreneur Nikhil Kamath

Nikhil Kamath’s True Beacon: a hedge fund gambit hedging its own growth – The Ken

(This column first appeared in The Ken on October 4, 2021)

  • Two years. That’s all the time True Beacon took to go from a brand spanking new hedge fund to one that’s managing about $200 million in wealth for nearly 400 ultra high net worth individuals. And it’s got Zerodha to thank for it. Kind of. Zerodha, India’s largest stockbroker, catapulted the Kamath brothers— Nithin and Nikhil—into the billionaires club, giving them first-hand knowledge about the investment behaviour of high net worth individuals (HNIs) and the problems they face. They founded Zerodha in 2009 to solve pain points for the retail trader, especially with regards to fees, when traditional brokerages charged customers a commission of 0.5% for trading on the brokerages’ platforms. Simplifying the fee problem was an idea the younger of two, Nikhil Kamath, translated into asset management for the ultra rich when he founded True Beacon in September 2019 along with Richard Pattle. Pattle, who is co-founder and chief executive officer (CEO), was once a royal aide to the UK’s Prince Charles, and had worked with HNIs and ultra HNIs in his previous stint at Standard Chartered bank…

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