The Hindu Business Line, 23 Nov 2008, Lokeshwarri S.K.
It is no secret that the stock market decline in October was spurred by hedge funds selling to meet redemption pressures.
Despite the mayhem that they caused, hedge funds in general have braved the storm pretty well and have outperformed the equity indices by a wide margin.
Unfortunately, the same cannot be said of India-specific Hedge Funds (IHFs). These funds are at the bottom of the hedge fund performance table. Hedge funds are pooled investment vehicles akin to mutual funds that invest in publicly traded securities.
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