GalaTime

• DNA: Hedge fund investments rocket 400%

Total assets in hedge funds investing primarily in India’s markets have risen 400% to $13.97 billion as of July-end 2007 from $2.8 billion at the end of the third quarter of 2005, said HedgeFund.Net.

. . . the correlation between Sensex returns and those of the India-focused hedge funds is narrowing. In the last 12 months, this correlation was 0.92 - meaning that hedge fund returns almost mirror that of the Sensex.

• RBI: September 2007 Bulletin

Rupee approaching parity / over-valued zone, on NEER / REER and 6 / 36 currency indices.

• CMIE: Core infrastructure index growth slowsdown in July 2007

Index of six core infrastructure industries grew by a slower 6.3 per cent in July 2007 compared to a healthy 10.9 per cent during the same month of the previous year.

This entry was posted on Friday, September 14th, 2007 at 8:24 am and is filed under economics, investing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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