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India gets first domestic hedge fund in Forefront

FC – India has just got its first hedge fund, with the Mumbai-based Forefront Alternative Investment Trust registering itself with the Securities and Exchange Board of India (Sebi) under the new alternative investment funds rules, which were notified in May.

The list of new AIFs put up by Sebi over the weekend placed Forefront Alternative Investment Trust in Category-III, a segment reserved for hedge funds.

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