The India Fund appointed Blackstone Asia Advisors as investment manager, replacing Imperial Investment Advisors, whose contract expires Dec. 4, said John Ford, Blackstone spokesman. The India Fund is a $1.175 billion closed-end mutual fund.
Separately, the Asia Tigers Fund appointed Blackstone Asia Advisors as investment manager, replacing Asia Tigers Advantage Advisers, whose contract also expires Dec. 4. Punita Kumar-Sinha, portfolio manager of the $84 million closed-end mutual fund for eight years, will continue as portfolio manager under new arrangements with The Blackstone Group.
Advantage Advisers and Imperial are both subsidiaries of Oppenheimer Holdings.