Positive Returns Posted by India-Focused Hedge Funds
The 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
