The Hedge Funds Weblog
Venus India Fund
In a HedgeCo story, Venus Capital Management, Inc. has launched The Venus Index Plus Fund. The general objective of the Fund is to outperform the S&P CNX Nifty India Index without changing the weights in the Index.
Venus Capital, after conducting a detailed analysis of India-dedicated hedge funds, found that most India funds, both inside and outside of India, underperformed the S&P CNX Nifty India index on a risk-adjusted basis. They have high Beta with a low Sharpe ratio. This became even more evident this year when the Indian markets dropped approximately 40% and a typical India fund lost 40-55% in the first six months of the year. Venus has segregated Alpha from Beta and has products for investors seeking either. However, Venus feels that "2 and 20" fees should not be paid to obtain Beta and hence, have launched the flat fee Index fund.
More at; Hedge Fund Launches Venus Index Plus Fund
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