India-specific hedge funds among top global performers

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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