Comments
September has been the third consecutive month of positive returns for hedge funds, with Indian hedge funds delivering the best returns in Asia.
According to Eurekahedge Report, Indian hedge funds delivered returns of 8.02 per cent, which is the best among Asia ex-Japan.
In the third quarter of 2012, the industry gained about 3 per cent.
Despite the challenging macro-economic environment, the Eurekahedge Hedge Fund Index was up 0.96 per cent in September and 2.59 per cent for third quarter of 2012.
According to the Eurekahedge India Hedge Fund Index, the returns in 2011 were down by about 25 per cent.
As of September, the returns were up by over 9 per cent.
On the hedge fund index, about 1,000 funds were up more than 10 per cent and 500 funds were up more than 15 per cent.
Around $8.1 billion in total assets were added during September, of which $5.1 billion came from managers’ performance while the remaining $2.9 billion came from investment inflows bringing the total size of the industry to $1.76 trillion, said the report.
Eurekahedge maintains a hedge fund list of 26,762 funds, across all strategies and asset classes.
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.