Hedge Funds

Fund profile: Aiming for absolute returns in India

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India, which is of course a major member of the ubiquitous emerging market BRIC club, alongside China, Russia and Brazil, has become an attractive growth story for investors wanting to diversify away from slowing developed economies.  

The Melchior Selected Trust: Indian Absolute Return Fund is the second alternative UCITS-compliant portfolio to launch using a strategy solely focused on the country, according to the Absolute UCITS database. 

The first was Kotak India Opportunities Fund launched by an Indian financial services firm in December 2010, though that fund liquidated only a few months later.

Milltrust International also recently added a long-biased