Dynamically adjusted net exposures ranging from 200% net
long to 200% net short combined with a zero correlation to the
Indian Nifty index insulated the Monsoon India Opportunity Fund
from most of the market's losses in 2011.
The fund made a modest 0.18% gain in December, ending the
year down 3.65%, as compared to the significant fall in the
Nifty, which plunged over 24% in Indian rupee terms and 36% in
US dollar terms. The Monsoon fund had a good run in 2010
as well, being up 22.9%. It has returned...