Monsoon India fund insulates returns from market storm in 2011


Gautam Prakash

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 an annualised