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Article: The Hedge Fund Rush On paper, hedge funds aren't welcome on the Indian stock markets. In reality, they are among the investors driving the boom on Dalal Street. Last year alone, hedge funds could have accounted for $4 billion of the $10 billion that poured into the stock markets.
- Article from:
- Business Today
- Article date:
- April 21, 2006
- Author:
CopyrightCopyright 2006 Business Today. Provided by ProQuest LLC. (Hide copyright information)
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Dalal Street isn't usually great at keeping secrets. but just this
once, it may have managed to excel at it. Did you know, for instance,
that hedge funds-yes, those mysterious investors whom regulators love
to hate-aren't just investing in Indian equities, but actually are
the source of a large part of the money coming in? D-street watchers
say that over a tenth of the $30 billion (Rs 1,35,000 crore at
current exchange rates) that's been poured into Indian equities by
foreign investors over the last three years has come from global
hedge funds, and that their share is increasing. Last calendar alone,
some experts reckon, of the $10 billion (Rs 45,000 crore) that
foreign institutional ...