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Atyant Capital India Fund up 4.79% in March, -13.02% YTD During the month of March 2009, the fund was up 4.79%. The Indian Rupee declined 1.47% versus the US Dollar. Markets globally declined to all time lows in the early part of March and then rallied into the end of the month.

The problem being faced by all asset markets globally is an absence of liquidity. This is validated by the fact that the triggers for the global rally from oversold levels were the announcements of quantitative easing by the Federal Reserve and recapitalization of global financial institutions by the G20 nations.

In the case of the Indian markets, liquidity has in general been lower (outside the top 200) than other markets over the last few years. This situation became acute in India in the October 08 -March 09 period. There is no other explanation for debt free, profitable companies trading for two times current earnings. In that context any significant increase in liquidity will have a magnified impact on the Indian markets... Full press release: Source

GLC Global Macro Index up +2.39 in March, +8.11 YTD GLC Global Macro was up +2.39 in March, +8.11 YTD, sustaining its postive growth sinde January (+2.62) and February at +2.89. In a press statement, the company said the fund was launched exactly three years ago in a climate that could hardly be mor......................

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