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Alternative Market Briefing

Indian hedge fund outperforms with 65.10% YTD as country enters "investment super-cycle"

Wednesday, October 22, 2014

Komfie Manalo, Opalesque Asia:

Atyant Capital, a specialty investment manager that focuses on the Indian equity markets and precious metals, outperformed in the third quarter with 3.56% gains (+65.10% YTD) compared to the MSCI SmallCap India USD which posted 0.11% (+47.79% YTD), during the same period.

Pratik Sharma, managing director at Atyant Capital said that in the previous quarter, the focus of attention of the Indian markets shifted from events in the domestic arena to those in the international arena. The big events of the quarter that affected the Indian markets were the global sell off in risk assets including equities, commodities (including oil), emerging market currencies driven by fears of stimulus withdrawal in the US, and a slowdown in the rest of the world.

He said, "India is probably the only major emerging economy that benefits from a decline in commodity prices. The list of countries that are hurt by lower commodity prices and lower oil prices is long - Brazil, Russia, Indonesia, South Africa, Canada, Australia and the entire Middle East and North Africa region. While China is not hurt by lower commodity prices, the exhaustion of investment demand and the overcapacity in the Chinese economy are the drivers of lower commodity prices and as such indicate a deceleration in the Chinese economy."

Pratik added that India is a net importer of most commodities and imports 80% of......................

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