Indus Capital Partners

David Kowitz, the founder and Chief Investment Officer, leads all investment decisions. He previously co-managed the Quantum Fund at Soros Fund Management alongside Stanley Druckenmiller. Partners Sheldon Kasowitz and Byron Gill are long-tenured members of the investment committee, but Kowitz retains final authority over the portfolio as the firm's central decision-maker (per the firm's public regulatory filings).

Indus maintains investment research teams in New York, San Francisco, Tokyo, and Hong Kong, covering US and Asian equities within a single integrated platform. The firm's long-short mandate allows it to operate across both geographies simultaneously. Investment ideas originate from fundamental bottom-up research conducted by sector-focused analysts in each region, with Kowitz and the investment committee synthesizing cross-market views into a unified book.

Indus is a hedge fund manager, not a family office. It is an SEC-registered investment adviser running pooled vehicles and separately managed accounts for institutional allocators including endowments, foundations, pension funds, and sovereign wealth funds. The firm does not manage a single family's capital and has never been structured as a family office.

Indus invests primarily in publicly traded equities. There is no known private co-investment program, no SPV structure, and no venture capital arm. The firm occasionally holds positions in pre-IPO companies through its public-equity vehicles, but its core mandate is long-short public equity.

Japan has been a significant component of Indus's portfolio since the early 2000s, making it one of the more established foreign hedge fund participants in Tokyo. The firm's long-short approach has included both long positions in Japanese technology and industrial exporters and short positions in structurally challenged domestic companies. Kowitz has publicly discussed Japanese equity positions in investor letters and at industry conferences over multiple market cycles.

David Kowitz was a partner at Soros Fund Management and co-manager of the Quantum Fund before leaving to found Indus in 2000. George Soros provided seed capital to Indus at launch, but the firm has always operated independently. There is no ongoing ownership, control, or investment relationship between the two firms, though the intellectual lineage is strong — Indus's concentrated, cross-border, long-short equity model directly reflects Kowitz's training under Soros and Druckenmiller.

Indus targets publicly traded equities, meaning it invests across market capitalizations from small-cap to large-cap. The firm does not target venture stages or buyout opportunities. Its positions range from established mega-cap technology companies to mid-cap growth names in Asia, with a preference for liquid securities that permit quarterly or annual redemptions.