Hedge funds investing in Indian assets have struck gold

Managed futures hedge funds in India that employ strategies involving equity derivatives were among the star performers for the industry globally in January-November 2013. These funds delivered 18.2 per cent returns for the 11-month period, finds independent financial data and research company Eurekahedge.
Direct investment in equity would not have been as fruitful as the Sensex delivered only 6.6 per cent returns in the first 11 months of this calendar.

Indian investors wanting to invest in hedge funds can therefore choose a managed futures fund floated by hedge fund managers such as CapVeda, Edelweiss Alternative Asset Advisors or Karvy Capital.
Other strategies have not been as profitable in India and the overall return of India-focused hedge funds was negative, with 7.1 per cent losses for the January-November 2013 period.

Particularly disappointing were funds with fixed income and long/short equity bias. Fixed income funds are staring at nearly 17 per cent losses and long/short equity funds were down 8.6 per cent.

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