Mumbai, 6th November, 2015
Quantum Advisors Private Limited (“Quantum Advisors”) announced that it has reached an
agreement with HWIC Asia Fund ("HWIC"), an affiliate of Fairfax Financial Holdings Limited
(which is listed on the Toronto Stock Exchange), to acquire 49.2% of the equity shares of
Quantum Advisors. Under the terms of the agreement and subject to customary closing
conditions, HWIC will acquire its shares from an existing financial shareholder and subscribe to
new shares issued by Quantum Advisors. Ajit Dayal and I.V. Subramaniam will not be selling
any of their shareholdings of Quantum.
Quantum Advisors has a 25-year history and is a pioneer in India’s evolving investment
management landscape. Quantum Advisors advises and manages India allocations for Foreign
Portfolio Investors while its 100% owned subsidiary Quantum Asset Management Company
Private Limited (QAMC) is the investment manager of the Quantum Mutual Funds.
Quantum Advisors and HWIC will initiate the process of filing for the relevant approvals from
existing clients and investors and various statutory and government bodies.
“We are honored to be associated with the Fairfax group”, said Ajit Dayal, Founder and
Chairman of Quantum Advisors, “as the Fairfax group has built an impressive track record of
supporting and building global businesses in diverse fields by investing in management teams
who focus on integrity and ethical values. Subbu and I – and all of us at Quantum Advisors and
Quantum AMC – welcome the stability and financial support of the Fairfax group so that we can
continue to focus on our research and investment processes built for the benefit of our investors.”
Jimmy Patel, the CEO of Quantum Asset Management noted: “The investment by the Fairfax
group also allows Quantum Asset Management Company to ensure that we have the minimum
net worth of Rs 50 crore as stipulated by SEBI in May, 2014. We were given 3 years to reach
that minimum net worth and we will be ahead of the May 2017 deadline. With the minimum net
worth issue behind us, we expect a significant acceleration in the growth in the number of
investors in the Quantum Mutual Funds. With our simple products, our low cost, our ethical
focus on doing what is right for the customers at every stage - aided by our long term track
record - we are confident that existing and loyal investors will respond with larger allocations to
Quantum Mutual Funds while new investors will start initial allocations.”
“We welcome Ajit Dayal, I. V. Subramaniam (Subbu), Jimmy Patel and their dedicated team of
investment professionals and committed colleagues to our expanding global platform," said Prem
Watsa, Chairman and CEO of Fairfax. "We invested in Quantum Advisors because of its longterm value approach to investing and its focus on integrity and ethical values. With our
investment, Quantum Advisors will have the necessary resources to expand its client base and
further grow its operations. Quanutm Advisors will continue to operate on a decentralized basis
independent from the Fairfax group."
Contact Information:
Mr. Piyush Thakkar
Chief Operating Officer
Quantum Advisors Private Limited
Phone: 2283 – 0322
Email: PiyushT@QASL.com
Mr. Murali Krishnan
Head, Group Legal and Compliance
Quantum Advisors Private Limited
Phone: 2283 – 0322
Email: Murali@QASL.com