Seeking Alpha – During the past week, almost 15 percent of investors have expressed a specific interest in India-focused funds. When compared with the first week of the second quarter, this percentage is almost double. In a recent article in Hedge Funds India (see, “Hedge Fund Managers Cautious: Focus on China and India,” June 22, 2009), Seppo Leskinen, an investment manager stated

I think the shift of the world’s economies has gone to China and India and these BRIC (Brazil, Russia, India and China) economies. They are the new economy superpowers in the economic world.

A study by HedgeFund.net (HFN) seems to support this opinion. HFN found that since the first of the year, India-focused hedge funds have produced average returns of 19.6 percent. The same study also estimated that between late 2005 and September 2008, the total assets allocated to India-focused hedge funds increased from $2.8 billion to almost $14 billion. This increase of close to 500 percent shows that hedge fund investors have been looking for more exposure to India.

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