Canara Robeco Mutual Fund is said to be roping in two fund managers to manage its equity assets. The mutual fund industry is abuzz with talk that the fund is hiring Ravi Gopalakrishnan, former chief investment officer of Pramerica Asset Management and Krishna Sanghavi, former fund manager with Kotak Mutual Fund.
Such talk comes in the wake of Soumendra Nath Lahiri quitting Canara Robeco to join L&T Mutual Fund. The buzz in the industry is that Canara Robeco is hiring two fund managers to ensure it is not stranded if one of them quits.
In the past couple of years, two fund managers have moved out of Canara Robeco. Replacing Gopalakrishnan at Pramerica Mutual Fund is BP Singh, who was chief investment advisor at Baer Capital-promoted Beacon India Alpha Equity Fund — an India-focused hedge fund.
Prior to his stint at Beacon, BP Singh was heading equity investments at Deutsche Asset Management. Senior officials at both Canara Robeco and Pramerica Asset Management declined to comment.
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