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Onshore hedge funds beat offshore peers in volatile election year

Have given positive returns compared to losses for offshore funds

Hedge funds
Illustration by Ajay Mohanty

Hedge funds located in India seem to have had an edge ahead of the elections. They have beaten offshore India hedge funds, reversing a period of underperformance recorded in the previous year, shows the data from global hedge fund tracker Eurekahedge. Offshore funds were down 1.16 per cent on a year-to-date (YTD) basis in 2019. Onshore funds were up 3.88 per cent, shows the data up until April. They had trailed offshore funds in 2018, having fallen 7 per cent. Offshore funds had only fallen 5.4 per cent. Year 2018 actually saw marked departure from the previous years. Onshore ...