Money Makers

India Capital Growth (ticker: IGC) was launched in 2005 and raised £75m to invest in small- and mid-sized Indian companies, particularly illiquid opportunities that its managers believed to offer additional value. Its first few years were difficult with its cautious approach leading to it largely missing out when the Indian market moved substantially higher in both 2006 and 2009. A new management team was brought in over the course of 2010 and 2011 and they reshaped the portfolio, increasing the number of stocks and focusing on more liquid and faster-growing businesses. The trust's manager reb...