Indian hedge funds thumb their noses at foreign rivals

Indian hedge fund manager Kalpesh Kinariwala is so sure of his equity strategies in a country that has stumped foreign rivals that he sends a daily e-mail tracker of his performance - including to competitors.

Kinariwala’s Capveda Capital (India) Advisory fund, which he runs from a modest office in a decrepit industrial estate in Mumbai, has returned 11.86 per cent so far this year, outperforming average negative returns of 2 per cent from India-focused foreign hedge funds.

via Business feed http://www.scmp.com/business/banking-finance/article/1225861/indian-hedge-funds-thumb-their-noses-foreign-rivals