India-Focused Hedge Funds Become World’s Best Performers in 2014
The world’s best performers in 2014 are the India-focused hedge funds on expectations that Prime Minister Narendra Modi will revive Asia’s third-largest economy.
The
funds investing in the South Asian nation have returned 26 percent this
year through July, according to Eurekahedge Pte. That compares with an
average 3.5 percent gain for those investing in Asia, 1.9 percent for
Greater China, 1.2 percent for Japan, 3.8 percent for North America and
1.1 percent for Europe, the Singapore-based data provider said.
India-focused
hedge funds, with a sixth of the $16.5 billion in assets of those
investing in Japan, are set for the strongest return in five years after
Modi secured the nation’s largest election victory since 1984 in May.
The prime minister has pledged to restore economic growth, rein in
inflation and the budget deficit, as well as revive stalled projects to
boost investor confidence.
Source: Businessweek
