ZeeNews – 2011 has been an annus horribilis for Indian hedge funds. All hedge funds, with one exception, are currently in the red — the Eurekahedge Indian Hedge Fund Index was down 16.9 pct as of end-October and early reports suggest that things went from bad to worse in November.
After witnessing two years of strong returns, Indian hedge funds started their 2011 campaign with two months of negative returns. It should be noted, however, that despite these losses, they managed to beat the market by significant margins.
