Kuwait-based asset manager Global Investment House has recently launched an India-focused hedge fund.
According to the firm, the Mayur Hedge Fund is long/short absolute return growth-oriented fund with a net long bias. The fund, which is the firm’s first India-focused product, is targeting a 15-20% return.
“The Asian and in particular the Indian markets offer a compelling investment opportunity,” said Shailesh Dash, head of alternative investments at Global.
Dash believes that the investment case for India is powerful, especially given that the country is home to a quarter of the world’s population under the age of 25, has an emerging middle class, good corporate governance and an economy that doesn’t rely on foreign trade.
http://www.finalternatives.com/node/5334
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