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India-focused funds among the worst performers

Business Standard – The sharp decline in the rupee has hurt the performance of India-focused hedge funds. This year, they have been among the worst performers globally.

India-focused funds lost 17.8 per cent of their net asset value (NAV) till October, as against gains of 12.8 per cent in 2010, data from the hedge fund tracking firm, Eureka Hedge, showed. Compared to India, hedge funds focusing on other emerging markets, Europe and the US fell between three and 12 per cent.

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