| 20.08.2012 First domestic hedge fund launched in India |
| From Precy Dumlao, Opalesque Asia – India saw its first domestic hedge fund launch as the state regulator, the Securities and Exchange Board of India (SEBI), approved the license of Mumbai-based Forefront Alternative Investment Trust, Financial Chronicle reported. Under SEBI’s new alternative investment funds rules, Forefront was placed in Category-III, a segment reserved for hedge funds.
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