International Business Times – No other hedge fund region in the world has seen such wild swings in fortunes as India over the last five years. At first there was nothing (before 2004 there were a handful of managers investing in India), and then with a big bang, hedgies started their mad rush for Indian gold.
Between 2005 and 2007 the industry grew at a break-neck pace, more than 100 percent increase in assets year-on-year. And for the first couple of years it was all good.
