#1431
Karthik Sarma
Overview
- Source of Wealth
- Hedge fund
- Industry
- Finance & Investments
- Residence
- New York, New York
- Education
- Indian Institute of Technology (Bachelor of Technology)Princeton University (Master of Arts/Science)
Biography
Sarma founded hedge fund SRS Investment Management in 2006 after five years at Chase Coleman's Tiger Global and now manages $10 billion.
SRS owns 43% of Avis through common stock and equity swaps, and Sarma has served on the car rental company's board since May 2020.
Avis stock surged 456% in 2021, fueled by talk of adding electric vehicles to its fleet, which helped Sarma's flagship fund return 35%.
Sarma is an Indian immigrant who came to New York to get his master's at Princeton and spent three years as a consultant at McKinsey.