Founded by Prashant Khemka, former CIO and Lead PM of India Equity and Global Emerging Markets Equity at Goldman Sachs Asset Management, White Oak is a Mumbai-based boutique investment management and investment advisory firm specialized in India Equity and Emerging Markets.
White Oak is an India and Emerging Markets Equity investment management firm founded by Prashant Khemka, former CIO and Lead Portfolio Manager of India Equity and Global Emerging Markets Equity at Goldman Sachs AM, where he spent 17 years generating peer group leading performance over various multi-year trailing periods for both strategies. As a results, Prashant and the funds managed by him at GSAM earned several awards including Citywire AAA rating, FundCalibreElite rating, Asian Private Banker’s Asset Management Award for Excellence, and Asia Asset Management Best of Best award.
White Oak’s mission is to deliver sustained capital appreciation through superior returns over time with a ‘Performance First’ culture that is fully aligned with investor interest. White Oak’s greatest strength is the 10 member local Investment team of dedicated investors with global investment management experience and a strong investment culture. Owing to the performance of this team, White Oak currently has assets under management of $1.7bn.
Backed by a rigorous bottom up, fundamental stock selection process and the premise that ‘outsized returns are earned over time by investing in great businesses at attractive valuations’, The Ashoka India Opportunities Fund (UCITS) has been one of the best performing funds in its peer group since inception in Dec 2018. Amongst other classic fundamental valuation methodologies, White Oaks’ proprietary CLEIR analytical framework (Capital-Light Excess Investment Return) dissects the value of any company in two distinct components: (i) one as a function of invested capital in the business and (ii) a second one as a function of excess returns on the invested capital. This valuation approach is very insightful in understanding the sources of value in a business.
Both the ‘Ashoka India Opportunities Fund (UCITS)’ and the ‘Ashoka White Oak Emerging Markets Equity Fund (UCITS)’ have been positioned since their inception in December 2018 and June 2022 respectively as the top funds in their categories by virtually any metric.
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