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U.S. Broker Plans India Family Office Despite Valuation Woes

  • O’Neil Capital says ‘good growth stories’ still available
  • Firm may start hedge fund or manage money for the wealthy
Updated on

Valuations near a seven-year high and sagging economic growth are taking the shine off Indian equities. To William O’Neil & Co., the $2 trillion stock market is still the place to be.

O’Neil Capital Management, the family office of U.S.-based investment and advisory firm, plans to set up shop in India by January to invest in local stocks, according to President Steven Birch.