16.10.2008 - PEs unwelcome in commexes
From Financialexpress.com: Maintaining a 'cautious' approach prior to inviting foreign capital due to the recent turmoil in the international financial markets, India's commodities market regulator - Forward Markets Commission (FMC) - on Wednesday said that private equities (PEs) fund and hedge funds would not be allowed to participate in the commodity exchanges in the country. "In due course of time, we would like to invite foreign institutional investors (FII) into commodity exchanges in our terms. But we are against short-term high return seeking funds participating in the commodity trading," BC Khatua, chairman, said .... Full Article: Source