While hardly a household name, Malabar has a loyal following among such institutional investors as Northern Trust.

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That Chicago-based bank and other private banks have been pouring money into his advisory company Malabar Capital Ltd.

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One can only imagine how much greater Malabar's returns could be with even a slightly more aggressive approach.

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In Europe, where 31% of Malabar's stock holdings is invested, Jehangir is bullish, despite the weakness of the euro.

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Malabar does no advertising and sells its funds largely through financial intermediaries, such as private banks or bank trust departments.

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Other funds have also had a bull market to push them along, but few can boast of a record as stellar as Malabar's.

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Malabar's handsome 19.4% annualized return over the past ten years easily tops the best diversified international funds offered by Fidelity, Fortis, ABN Amro and other considerably larger competitors.

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Wearing the signature red ties of its salespeople, Goklaney and two colleagues brave the monsoon rain to trek up six flights of stairs in a building on Malabar Hill, the city's upmarket residential area.

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