Global Investment House’s Mayur Hedge Fund, a long short absolute return growth oriented fund with a net long bias, has reported a 49 per cent return for the first six months ending 30 June 2014.
That return makes it the second best performing hedge fund for the Indian market as reported by EurekaHedge.
The Mayur Hedge Fund is an India-focused product managed directly by Global which aims to achieve capital appreciation through investing predominantly in equity and fixed income related instruments of Indian companies.
Rajesh George, vice president international asset management at Global, says: “The Asian, and in particular the Indian market offers a compelling investment opportunity. The investment case for India is powerful; the country – which is home to a quarter of the world’s population under the age of 25 has a positive demographic profile, an emerging middle class, good corporate governance and an economy that has a low reliance on foreign trade. The reforms expected to be implemented by the new Indian government is expected to boost the Indian GDP growth and also to create a very favorable environment for foreign investors.”
India is already the third largest economy in the world in terms of purchasing power parity and is projected to be approximately 30 per cent of the size of the US economy by 2025.
George says: “The Indian economy is normally negatively correlated to oil prices. Hence the Mayur Hedge Fund is considered an excellent investment product providing investors a hedge against any downward trend in Oil prices while capitalising on the very strong internal and external growth narrative set to drive the Indian economy for the foreseeable future.”
The fund employs a bottom-up and fundamental approach. It invests in equities of well-managed, high quality companies that have the potential to grow at a robust rate.
