India Hedge Funds Perform Best Globally on ‘Modi, the Hero’
Hedge funds investing in India have become the world’s best performers this year on expectations that Prime Minister Narendra Modi will revive Asia’s third-largest economy.
The funds investing in the South Asian nation have returned 26 percent this year through July, according to Eurekahedge Pte. That compares with an average 3.5 percent gain for those investing in Asia, 1.9 percent for Greater China, 1.2 percent for Japan, 3.8 percent for North America and 1.1 percent for Europe, the Singapore-based data provider said.
India-focused hedge funds, with a sixth of the $16.5 billion in assets of those investing in Japan, are set for the strongest return in five years after Modi secured the nation’s largest election victory since 1984 in May. The prime minister has pledged to restore economic growth, rein in inflation and the budget deficit, as well as revive stalled projects to boost investor confidence.
“Times have changed and we have Modi, the hero,” said Samir Arora, Singapore-based founder of hedge-fund firm Helios Capital Management Pte. “We have seen a massive change in interest. Next year can be very big for India.”
Helios Strategic Fund, which bets on rising and falling stock prices, has returned 36 percent this year through the end of July. Arora declined to disclose the assets for the fund that started in 2005.
full article India Hedge Funds Perform Best Globally on ‘Modi, the Hero’ - Bloomberg
Indian hedge funds outperform Sensex over the last year
full article Indian hedge funds outperform Sensex over the last year | Business Line
Hedge funds investing in India have become the world’s best performers this year on expectations that Prime Minister Narendra Modi will revive Asia’s third-largest economy.
The funds investing in the South Asian nation have returned 26 percent this year through July, according to Eurekahedge Pte. That compares with an average 3.5 percent gain for those investing in Asia, 1.9 percent for Greater China, 1.2 percent for Japan, 3.8 percent for North America and 1.1 percent for Europe, the Singapore-based data provider said.
India-focused hedge funds, with a sixth of the $16.5 billion in assets of those investing in Japan, are set for the strongest return in five years after Modi secured the nation’s largest election victory since 1984 in May. The prime minister has pledged to restore economic growth, rein in inflation and the budget deficit, as well as revive stalled projects to boost investor confidence.
“Times have changed and we have Modi, the hero,” said Samir Arora, Singapore-based founder of hedge-fund firm Helios Capital Management Pte. “We have seen a massive change in interest. Next year can be very big for India.”
Helios Strategic Fund, which bets on rising and falling stock prices, has returned 36 percent this year through the end of July. Arora declined to disclose the assets for the fund that started in 2005.
full article India Hedge Funds Perform Best Globally on ‘Modi, the Hero’ - Bloomberg
Indian hedge funds outperform Sensex over the last year
full article Indian hedge funds outperform Sensex over the last year | Business Line
