Indian Equities Big Part of Hedge Funds Returns in 2014

Asia ex-Japan hedge funds have posted the strongest performance worldwide this year, data from research house Eurekahedge shows.
Hedge funds invested in the region are up 7.26 percent year to date, attributing most of their gains to Indian equities, which have risen nearly 27 percent amid optimism surrounding the new government led by Narendra Modi. Hedge funds that invested in India specifically gained around 26 percent year to date, the Eurekahedge report published Tuesday showed.

Funds with a Latin American mandate came in second place, up 5.93 percent. These funds were the star performers during August, returning 2.2 percent for the month. Those that invested in Brazil did especially well as the nation’s stock market rallied sharply in anticipation of upcoming elections.

Polls showing that opposition candidate Marina Silva is gaining ground over incumbent President Dilma Rousseff helped push the Brazilian equity index 17.24 percent higher so far this year as investors grow bullish over the prospect of a new government that can turn around the nation’s economic fortunes.

via CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza