Assets at Indian hedge funds slumped by a record last year, and their managers are getting ready for more pain to come. A July tax increase on returns from alternative investments was the main reason for the slide, according to Vaibhav Sanghavi, who oversees funds at Avendus Capital Public Markets Alternate Strategies LLP. The levy was increased by a fifth to 42%, he said. India passed up an oppo.
Key to long-term investing: ‘Time in the market’ more important than ‘timing the market’
Read More