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Komfie Manalo, Opalesque Asia: Despite recording a strong 38.95% gains in January to November 2014,
investors are not expected to make a beeline for India-focused hedge
funds on concerns about high volatility of returns of Indian hedge funds.
In a report, Hassan Mohamad, an analyst with alternative
investments data provider and research house Eurekahedge, said
Indian-focused hedge funds need to generate consistent solid performance
to attract investors. For example, he said Indian hedge funds fell
50.66% in 2008, gained 49.42% in 2009, down 22.9% in 2011, jumped 12.84%
in 2012, fell 8.52% in 2013 and up 34.34 % in 2014.
Mohamad was quoted as saying, "India-dedicated managers will need to
repeat their performance of 2014 much more consistently going forward to
attract any serious attention from investors. For investors, the added
fees of a hedge fund set-up cannot adequately justify this performance."
He added that the much-valued downside protection that hedge funds
traditionally offer to investors has also been absent in the case of
domestic hedge funds. Thus, investors could be better off putting their
money in a simple long-only investment fund that charges lower fees and
usually more upside.
India hedge funds amongst best performers
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