The Hindu Business Line – Hedge funds investing in India are now among the top performers globally, after languishing at the bottom of the charts, hit by poor returns and outflows in 2008. Inflows into India specific hedge funds, however, continue to be muted.

The 37-per-cent gain in Eurekahedge India index, disseminated by Eurekahedge (a leading data provider on alternative investments), makes it the top gainer among regional hedge fund indices until July 2009.

Eastern Europe and Russian region and Greater China vie for the second position with 33 per cent return. Hedge fund returns in developed markets such as Europe and North America are relatively muted between 12 and 14 per cent, dragging the global returns down to 12 per cent.

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Tags: data-provider, eastern europe, greater china, hedge fund, hedge funds, russian region

Reuters – Three former executives at JPMorgan Asset Management plan to launch a Greater China hedge fund via a start-up in Hong Kong, tapping rising investor demand for Asian equities amid the global financial crisis.

"Greater China may be the first region to recover from the global economic crisis, and will certainly attract global fund flows," Lu Jun, one of the co-founders said in a telephone interview. "I think it’s good timing to launch the new fund."

Lu, previously a star fund manager at JPMorgan’s China fund venture, has teamed up with Man Wing Chung, former head of JPMorgan’s Greater China team, and Joseph Tang, who focused on Taiwan investment, to co-found JTM Capital Partners. The partners will start running a hedge fund in mid-June.

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Tags: asian-equities, asset management plan, capital-partners, china team, founders, global economic crisis, global financial crisis, global fund, greater china, hong kong, investor-demand, man wing, reuters, star fund, taiwan, tang, tapping, telephone-interview, wing chung