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Veteran Hedge Fund Manager Loads Up Bearish Bets On India Rally

by news.yahoo.com posted 3weeks ago 16 views
(Bloomberg) -- The rally that’s lifted India’s $2.2 trillion stock market to a record has prompted a veteran hedge fund manager to load up on bearish wagers in a fund launched two months ago. “As there appears nothing fundamental underpinning this year’s rally we have remained maximum net short on a portfolio level,” Vijay Krishna Kumar, head of liquid alternatives investment at IDFC Asset Management Co., said in an interview in Mumbai.

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