Mala Gaonkar is the founder of hedge fund Sergocap.
New Delhi. It is impossible to believe that a woman earned more than Rs 54,000 crore in just 3 years by trading in the stock market, but it is true. Mala Gaonkar's hedge fund (Mala Gaonkar Hedge Fund) tripled its assets to about $ 6 billion within just 3 years of starting business in the stock market, which is one of the fastest growing hedge funds in the history of the stock market.
Mala Gaonkar's company Surgocap Partners launched its business in January 2023 with $1.8 billion, establishing itself as the largest female trader ever in this male-dominated industry.
Who is Mala Gaonkar?
Mala Gaonkar is an American businesswoman and investor. Mala Gaonkar, born in America, grew up in Bengaluru, India and has worked in the stock market for a long time. Garland worked at Steve Mandel's Lone Pine for more than 20 years and eventually became one of three portfolio managers overseeing the firm's assets. However, he left the firm in 2022. After this, Mala Gaonkar established Sergocap Partners, which is an investment firm, in the year 2023.
How to earn money from stock market?
After quitting his job, 56-year-old Mala Gaonkar started a hedge fund in 2023. The special thing is that this hedge fund, launched in 2023, was the largest hedge fund ever run by a woman. Mala Gaonkar invests using data science and puts money in different sectors. Sergocap's assets are now on par with Bobby Jain's fund, which debuted in 2024 with $5.3 billion, and also on par with Diego Megia's $7 billion firm, which debuted in the same year.
Few startup hedge funds have grown so fast in recent years, in part due to US pension and endowment funds pulling cash stashed away in private equity.
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