Prashant Khemka, the founder of White Oak Capital Management which is the adviser to the Ashoka India Equity Investment Trust PLC (LON:AIE), introduces the company to Proactive Investors.
Khemka says the team at Ashoka, who are all based in India, will be tasked with finding undervalued, small and mid-sized companies on the Indian stock market which have significant potential for growth.
He adds the Ashoka team won't be receiving an annual fee for managing the fund - instead they'll only be paid if they deliver sustained outperformance over a three year period.
