hedge funds seek absolute returns irrespective of how the markets behave................BUT
the year-2-date losses of hedge funds across regions & strategies is only 12 per cent whereas...India-specific funds have grossly underperformed, with a 53 per cent loss.....!!!!
Eastern Europe & Russian funds, with 47 per cent loss, r the second worst performers. The performance of India-specific hedge funds compares poorly with other hedge funds in the Asian region 2 whose returns range between 13 & 25 per cent...........
The maximum number of banks which failed in US history was during 1933 (4000 banks).... The next biggest bank failures were seen during 1989 (534 banks ).
Sify fell almost 50 per cent (49.51 per cent to be precise) last week 2 end at $0.52 against the previous week close of $1.03.
Local brokerages have been extending their downward earning estimates to more & more stocks. Overseas investors have largely gone underweight on Indian equities...........
investors have always regarded that India has a bottom-up story influenced by its superior ROE. However, things have changed recently....& India is unlikely 2 be a bottom-up story for some time until corporate India has restructured all over again, unwinding both operating and financial leverage..................
The maximum number of banks which failed in US history was during 1933 (4000 banks).... The next biggest bank failures were seen during 1989 (534 banks ).
>religare :AEGON
>Cummins India Ltd, manufacturer of diesel & natural gas engines for power generation, industrial & automotive markets, has entered into an agreement 2 sell its rental business 2 the Indian subsidiary of Aggreko Plc for Rs 29.1 crore plus