Indian hedge funds beat EM peers as markets shed 25% value amid Covid

While the Eurekahedge Emerging Markets Hedge Fund Index was down 9.59% in March, the Eurekahedge India Hedge Fund Index was down only 8.69%

Indian hedge funds have done better than their emerging market peers in a month which saw stock markets lose nearly a quarter of their value amid the spread of the Covid-19 pandemic.

Worries about Covid-19 caused stock markets to tank across the world and India’s S&P BSE Sensex to dip 23.05 per cent in March. Indian hedge funds significantly outperformed the broader market and also did better than their emerging market peers. While the Eurekahedge Emerging Markets Hedge Fund Index was down 9.59 per cent for the month, the Eurekahedge India Hedge Fund Index was down only 8.69 per cent.

Hedge funds