Hedge funds around the world saw negative returns in June to end seven months of straight gains amid a broad pull-back in equity markets, with those in Asia ex-Japan the worst hit, data from research firm Eurekahedge show.
Speaking to CNBC-TV18, Farhan Mumtaz, Hedge Fund Analyst at Eurekahedge, said that the Indian market has been underperforming other emerging markets and most managers who are investing specifically within India have reduced their exposures. And it is possible that they will remain very cautious about the Indian market at least for the short term.