{"id":6581,"date":"2007-09-24T00:00:00","date_gmt":"2007-09-24T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"india-focused-hedge-funds-fare-better","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/09\/2007\/india-focused-hedge-funds-fare-better.html","title":{"rendered":"India-focused hedge funds fare better"},"content":{"rendered":"<p>  <span>Economic Times- Indian stocks have emerged as the most attractive bet for hedge funds, the fall guys during the recent subprime crisis, with returns better than that of the Sensex. According  to a study of over 7,000 hedge funds across the world, those focused on India have emerged on top in the past five-and-a-half years.<\/span><\/p>\n<p>  <span>International hedge fund tracking firm HedgeFund.Net (HFN) said in its study, India-focused funds generated an average return of 3.09% during July this year \u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u20ac\u009d a month when most of the  developed markets moved downward. Besides, in the first seven months of this year, these funds have recorded an average return of 19.6% against a fall of over 22% in Sensex during the same  period.<\/span><\/p>\n<p>  <span>HFN vice-president Peter Laurelli, the author of the report, said the average return of India-focused funds were 53.63% in the one-year period through July, which outpaced 44.74% rise in the  Sensex during same period. The report said the outperforming of the local benchmark by India-focused funds is a new development and the scenario has reversed in comparison with the 2005-06  period.<\/span><\/p>\n<p>  <span>The average returns on Indian funds were 21% and 27.86% in 2005 and 2006, respectively, whereas the Sensex returned 42.33% and 46.7%, respectively, during the corresponding periods. Since  2001, these funds have recorded an annual compound rate of 18.44% against 23.04% for Sensex.<\/span><\/p>\n<p>  <span>India\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s returns lagged other emerging markets through much of 2001-02 due to stock market scams and problems associated with investment scheme of state-owned Unit Trust of India US 64, the  report said. According to HFN, the percentage of hedge funds investing in India stood at 3.09%, ahead of Brazil (2.5%) and Eastern Europe (2.97%) focused funds at the end of July. China-focused  funds had a higher percentage of 7.45%.<\/span><\/p>\n<p>  <span>The estimated total assets in India-focused hedge funds stood at $13.97 billion in the second quarter of 2007, representing nearly five-fold increase from the level in third quarter of 2005,  the report noted.<\/span> <a href=  \"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/1-0&amp;fd=R&amp;url=http:\/\/economictimes.indiatimes.com\/Markets\/Money_Markets\/India-focused_hedge_funds_fare_better\/articleshow\/2396263.cms&amp;cid=1121097171&amp;ei=wJ33RqrOIYqGqwP-5aikBA\">  <\/a><\/p>\n<p>  <strong><a href=  \"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/1-0&amp;fd=R&amp;url=http:\/\/economictimes.indiatimes.com\/Markets\/Money_Markets\/India-focused_hedge_funds_fare_better\/articleshow\/2396263.cms&amp;cid=1121097171&amp;ei=wJ33RqrOIYqGqwP-5aikBA\">  Read Complete Article<\/a><\/strong><\/p>\n<p><a href=\"http:\/\/news.google.com\/news\/url?sa=T&amp;ct=us\/1-0&amp;fd=R&amp;url=http:\/\/economictimes.indiatimes.com\/Markets\/Money_Markets\/India-focused_hedge_funds_fare_better\/articleshow\/2396263.cms&amp;cid=1121097171&amp;ei=wJ33RqrOIYqGqwP-5aikBA\"><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic Times- Indian stocks have emerged as the most attractive bet for hedge funds, the fall guys during the recent subprime crisis, with returns better than that of the Sensex. According to a study of over 7,000 hedge funds across [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-6581","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=6581"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/6581\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=6581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=6581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=6581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}