Nipun Capital, L.P.
- Regulatory AUM
- $2.0B
- Discretionary
- $2.0B
- Clients
- 13
- Avg AUM / client
- $156M
- Accounts
- 13
- Employees
- 18
AUM over time
Annual snapshots from Form ADV filings · as of Mar 30, 2026
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 10 | $1.3B | 65.6% |
| Other investment advisers | 3 | $696M | 34.4% |
Private funds (2)
Reported in Form ADV Section 7.B.(1), filing of May 2024 · $1.3B combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Nipun Emerging Markets Alpha Master Fund, L.P. master | Hedge Fund | Cayman Islands | $1.0B | 22 |
| Nipun Asia Total Return Master Fund, L.P. master | Hedge Fund | Cayman Islands | $309M | 34 |
People (4)
roster as of Jul 20, 2026| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Elmore, William, B | Manager | Apr 2010 (16y) | GP / trustee / elected manager of Handshake Management Llc (indirect) | |
| Hui, Kenneth, Chor Lam | Limited Partner | Oct 2011 (15y) | 10% – 25% | |
| Pooja Malik | Limited Partner | CFA | Oct 2011 (15y) | 50% – 75% |
| Margulies, Joshua, Harris | Chief Compliance Officer | Jun 2013 (13y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Handshake Management Llc | Limited Partner | Oct 2011 | A | 5% – 10% |
Undisclosed: 0% – 35% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (2, $1.3B gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Nipun Emerging Markets Alpha Master Fund, L.P. | Hedge Fund | $1.0B | $5.0M | 22 |
| Nipun Asia Total Return Master Fund, L.P. | Hedge Fund | $309M | $5.0M | 34 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/30/2026 | 2.11 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
- • Portfolio management for businesses/institutional clients
Custody
Reported custodians
- J.P. Morgan $391M (19% of AUM) Mar 2026
- State Street $159M (8% of AUM) Mar 2026
- Citibank $59.8M (4% of AUM) May 2024
- UBS $14.1M (1% of AUM) Nov 2018
- Goldman Sachs $11.2M (1% of AUM) Nov 2018
- Morgan Stanley $6.7M (1% of AUM) Nov 2018
- Deutsche Bank Securities Inc. $5.6M (1% of AUM) Nov 2018
Amounts as reported in ADV Item 5.K.(3) (custodians holding 10%+ of SMA assets).
Firm reports it does not have custody of client funds or securities (Item 9.A).
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 30, 2026.
View current Form ADV (SEC/IAPD) ↗