firm history

In 2000 Indus Capital was founded with $70 million in assets, split equally between two long/short funds:

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Over our 24-year history, Indus Capital has grown organically and today manages $3.9B in assets in long/short and long-only strategies that are primarily focused on equity and equity-related investments in the Asia Pacific markets, including Japan.

The vision of our original co-Managing Partners was for Indus Capital to be the investment industry’s leading “purveyor of non-dollar equities”. With that goal in mind, and to support internal investment talent, we organically created and offered multiple diversified, yet complimentary strategies, to provide diversification for an institutional investor client base.

Since inception, Indus Capital has provided
17 investment funds focused on a variety of regions and investment strategies.

Concurrent with the generational transition in 2019 and coupled with the retirement of a few additional Portfolio Managers, our current Partners have chosen to streamline our investment offerings to focus on our core strengths.

Today, Indus Capital is centered around these three core investment areas:

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With respect to our current three portfolio managers:

Byron Gill

John Pinkel

Howard Smith

Byron Gill was an investment analyst supporting our two flagship funds before he launched the Indus Pacific Opportunities Fund in 2004. He was also mentored and supported to take over David Kowitz’s role as one of the Firm’s Managing Partners in 2016.

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John Pinkel was hired by David Kowitz in 2003 as an analyst for the Asia Pacific fund, was promoted to Deputy Portfolio Manager in 2011, and became sole Portfolio Manager in 2014. Driven by investor demand in 2009, John launched a dedicated Pan-Asia long only portfolio, called Indus Select, which he has successfully managed since its inception.

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Howard Smith joined Indus Capital in 2002, where he was originally an analyst on the Japan funds, but due to his strong track record and experience he was promoted to Head of Research in 2015, then a Co-Portfolio Manager in 2017, and eventually become the sole Portfolio Manager for the two Japan strategies in 2019.

view bio

With respect to our current three portfolio managers:

Byron Gill

Byron Gill was an investment analyst supporting our two flagship funds before he launched the Indus Pacific Opportunities Fund in 2004. He was also mentored and supported to take over David Kowitz’s role as one of the Firm’s Managing Partners in 2016.

view bio
John Pinkel

John Pinkel was hired by David Kowitz in 2003 as an analyst for the Asia Pacific fund, was promoted to Deputy Portfolio Manager in 2011, and became sole Portfolio Manager in 2014. Driven by investor demand in 2009, John launched a dedicated Pan-Asia long only portfolio, called Indus Select, which he has successfully managed since its inception.

view bio
Howard Smith

Howard Smith joined Indus Capital in 2002, where he was originally an analyst on the Japan funds, but due to his strong track record and experience he was promoted to Head of Research in 2015, then a Co-Portfolio Manager in 2017, and eventually become the sole Portfolio Manager for the two Japan strategies in 2019.

view bio