India-focused hedge funds snapped their four-month losing streak in September this year, gaining 7.1 per cent. This was better than returns from hedge funds broadly focused on Asia and even outperformed Japanese hedge funds. But it was not sufficient to cover up slippages in previous months and India-focused funds were down 11.5 per cent in the January-September period this year. These funds are clearly not the best choice if you want to put your money in a hedge fund. Indian hedge funds have posted losses of 3.6 per cent for the July-September quarter. In contrast, Asia-focused hedge funds have delivered an average return of 9.9 per cent for January-September 2013.