Wall Street Journal – India-focused hedge funds have been among the better performers so far this year, but data provider HedgeFund.net said they underperformed India’s equities index long term because most are equity oriented with a long bias.
“India focused funds missed a fair amount of the climb in the Sensex, mostly in mid-2009,” it said. “The differential of monthly returns show the group tended to underperform Sensex market surges, which is understandable due to the long/short nature of equity focused hedge funds, but also significantly underperformed in a few down months.”
