If you are an investor and you hear the name Vega Asset Management, you most likely automatically assume that this company has been around for decades, but you would be wrong.
This company has only been actively investing since 1996 when it was started with a mere $25 million dollar investment by a man named Ravinder Mehra.
The focus when starting this business venture was to concentrate on those who stood in the center of the hedge fund world.
Not top investors, but those who are sitting idly in the middle.
With the success of the middleman focus, by the year 2004, Vega had already created offices in Madrid, London and New York, quickly earning them well over $12 billion dollars worth of holdings.
Ravinder Mehra is considered a genius in investing.
Starting out investing at Citigroup, Inc.
Mr.
Mehra quickly made his way up the investment path to the Spanish bank, Banco Santander Central Hispano.
After that, Mehra, along with this business coworker established the first Vega fund and within a two year time span, with seed money from Banco Santander Central Hispano, Vega became solidified in the alternative investing world.
Vega quickly rose to popularity due to the alternative way that they allowed investors to withdraw from their hedge funds.
Generally, there is a strict rule regarding the amount you are able to take out of a hedge fund and how long the withdraw request must sit before the funds actually become available.
Vega established a rule that investors need only request the funds 30 days ahead of time, an unheard of time frame to normal hedge fund investment firms.
One way that Vega Asset Management has thrived into the success business that it is today is because it constantly keeps investors up to date with the details of its big trades so that the investors are constantly aware of which direction Vega is heading.
This is not the norm with other investment hedge fund firms, which makes Vega a front runner because of its personable, honest and forthright way of doing its business.