Former partner of Goldman Sachs, who founded his own hedge fund and currently has 4 billion dollars under management assets, is Dinakar Singh, who purchased through TPG-Axon Capital Management, a 7.88% stake in Lamda Development for 16.963 million.
The TPG-Axon Capital Management was founded by Mr. Singh in February of 2005, in collaboration with the well known private equity company, Texas Pacific Group. The company is headquartered in New York, while has other offices in Hong Kong and Tokyo.
The fund of TPG-Axon showed returns of 19% in 2013 and 2012. Invests mainly in high standards shares, applying a fundamental long / short strategy and developing activist investment activity.
Mr. Singh is well known to Wall Street, but not only for his investment activity. Behind the broker, hides a touching personal story.
In 2001, his daughter, Arya, who was then just 19 months old, was diagnosed with spinal muscular atrophy, the most lethal genetic disease for children in North America. It is a disease that causes gradual deterioration of nerve cells that controls muscles.
Immediately after his daughter diagnosis , Singh noted that although the gene responsible for the disease was discovered recently, there was no medication for it. Worst of all was that nobody in the pharmaceutical industry was able to deal with this illness.
Fearing for the life of his daughter, Singh put into use what he had learned in the years working in Wall Street, to convince the big pharmaceutical companies to seek the medicine that will cure Arya. He Invested 100 million dollars of his personal money in order to establish the SMA Foundation. Singh identified the incentives that have been mobilizing large pharmaceutical companies and made them work towards his purpose.
Through the cooperation of his foundation with industry giants such as Novartis and Roche, led a possible treatment of the disease in phase of clinical trials. The aim of the manager was the first time to allow his daughter, who is confined to a wheelchair, to be among the first to test any drug they could give her hope.