Positive Returns Posted by India-Focused Hedge FundsThe article below is an overview about positive returns ported by India-focused hedge funds, which continued to deliver market-beating revenues.
While the BSE benchmark Sensex index mustered a 2.7 per cent gain last month, Indian hedge funds offered a superior 3.5 per cent return in October, according to the latest data from Eurekahedge, an alternative investment fund data provider.
Year-to-date, too, hedge fund returns trumped the Sensex’s performance. According to the data, Indian hedge fund returns in the January-October period stood at 36.4 per cent, even higher than the sterling 29.2 per cent rise in the Sensex during the 10-month period. This marks a significant comeback for Indian funds from a dismal 2013, when they posted losses of 8.5 per cent.Source: Hindu Business Line