| Business Standard- Global hedge funds, which are on the lookout for multi-fold returns on their investments, are slowly entering the booming domestic real estate sector. |
| Major hedge funds operating in the Indian property markets include Och-Ziff Capital (founded by hedge fund legend Dan Och), New Vernon Capital, Farallon Capital Management (the world’s largest single-manager hedge fund), Marathon Realty, DE Shaw and Tiger Global (a $1.4 billion hedge fund run by ex-principals of legendary trader Julian Robertson’s Tiger Management). |
| Hedge funds invest in the real estate sector through three routes, namely, through the purchase of equity stakes in listed/unlisted property developers, by direct participation in real estate projects or by putting a part of their funds into real estate funds floated for the Indian market, according to senior industry officials. |
| Though hedge funds do not have India-dedicated funds, they invest in the Indian market from their global or the Asia-Pacific funds. |
| According to industry estimates, about $1.6 billion private equity/hedge funds investments have been made in the real estate sector last year (Jan-Dec). It is expected to cross $2 billion this year. |
Hedge funds make a beeline for real estate sector
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