Moneycontrol.com- Even as FII flows have improved, there have been individual instances of some large midcap sell offs. Tracking individual stocks down, raising apprehensions that some of these hedge funds might still be facing some redemption pressures, Ankur Samtaney of Eurekahedge said that India-based hedge funds have seen outflows at 10%.
He added that the Eureka India Hedge Fund was down 10-12% on a YTD basis. According to Samtaney there is a bit of redemption pressure and looses in some of the hedge funds. Commenting that hedge fund managers made good gains in commodities and currencies, Samtaney added that the focus of hedge funds could shift from commodities to equities.
