The Hindu Business Lone – Indian hedge funds outperformed many of their global peers during the January-March quarter of 2014, rising 5.4 per cent. According to the latest data from independent financial data and research firm Eurekahedge, hedge funds focused on India enjoyed a broad-based rally in the first quarter as markets responded positively to Government measures to stave off possible contractions in the economy.
The India-focused funds posted a negative 2.4 per cent return for January, but recovered in the next two months, rising 2.3 per cent in February, and 5.7 per cent in March.
