Hedge Funds & Vulture Funds - Their Existence and Their Impact on the Indian Economy
Hedge Funds & Vulture Funds
- Their existence and their impact on the Indian Economy
The funds have given a plenty of opportunity for people to diversify their portfolios but they are very mysterious. Let us have a look in the context of Indian economy what effects does this mysterious funds have on the country.
Submitted By:
Pralabh Bhargava (07BS2905)
Rishikant (07BS3437)
ICFAI BUSINESS SCHOOL HYDERABAD
BONAFIDE CERTIFICATE
It is Certified that this project report "Hedge Funds & Vulture Funds " is the bonafide work of "PRALABH BHARGAVA (07BS2905) AND RISHIKANT (07BS3437)" who carried out the project work under my supervision.
SIGNATURE
PROF. S. V. SHESHIAH
ECONOMICS FACULTY
ICFAI BUSINESS SCHOOL,
Survey No: 156/157, Dontanapally Village,
Shankerpally Mandal, R R District,
Hyderabad - 501504
ACKNOWLEDGMENT
We as a group take this opportunity to express our gratitude towards certain key people for their constant guidance and support, without which the project would not have been a success.
We express our gratitude to Prof. S. V. SHESHIAH, ECONOMICS FACULTY ICFAI BUSINESS SCHOOL, Hyderabad.
We extend our sincere thanks to our section friends whose guidance and encouragement was of great help in meeting the intended objective of our project.
Table of Contents
Executive Summary 5
Introduction 7
1. Hedge Funds: 7
2. Vulture Funds: 7
Objectives 8
Hedge Funds Some Concerns 8
Micro Level Concerns 10
Macro Level Concerns 10
Benefits from Hedge Funds 11
Policy Options for Regulating Hedge Fund 12
What SEBI Is Doing 14
Financial Implications 16
Going Forward 18
Conclusion 19
References 21
Executive Summary
We have already seen that the existence of Hedge Funds and Vulture funds is inevitable in a rapidly growing economy like India. It does not only provide extra source of finance to companies but it also provides impetus to the
- Their existence and their impact on the Indian Economy
The funds have given a plenty of opportunity for people to diversify their portfolios but they are very mysterious. Let us have a look in the context of Indian economy what effects does this mysterious funds have on the country.
Submitted By:
Pralabh Bhargava (07BS2905)
Rishikant (07BS3437)
ICFAI BUSINESS SCHOOL HYDERABAD
BONAFIDE CERTIFICATE
It is Certified that this project report "Hedge Funds & Vulture Funds " is the bonafide work of "PRALABH BHARGAVA (07BS2905) AND RISHIKANT (07BS3437)" who carried out the project work under my supervision.
SIGNATURE
PROF. S. V. SHESHIAH
ECONOMICS FACULTY
ICFAI BUSINESS SCHOOL,
Survey No: 156/157, Dontanapally Village,
Shankerpally Mandal, R R District,
Hyderabad - 501504
ACKNOWLEDGMENT
We as a group take this opportunity to express our gratitude towards certain key people for their constant guidance and support, without which the project would not have been a success.
We express our gratitude to Prof. S. V. SHESHIAH, ECONOMICS FACULTY ICFAI BUSINESS SCHOOL, Hyderabad.
We extend our sincere thanks to our section friends whose guidance and encouragement was of great help in meeting the intended objective of our project.
Table of Contents
Executive Summary 5
Introduction 7
1. Hedge Funds: 7
2. Vulture Funds: 7
Objectives 8
Hedge Funds Some Concerns 8
Micro Level Concerns 10
Macro Level Concerns 10
Benefits from Hedge Funds 11
Policy Options for Regulating Hedge Fund 12
What SEBI Is Doing 14
Financial Implications 16
Going Forward 18
Conclusion 19
References 21
Executive Summary
We have already seen that the existence of Hedge Funds and Vulture funds is inevitable in a rapidly growing economy like India. It does not only provide extra source of finance to companies but it also provides impetus to the
References: 1. "Regulating Hedge Funds" article by Jon Danielsson and Jean-Pierre Zigrand, Prof. London Shool of Economics 2. "India Focused Funds" report by HedgeFund.net taken from http://www.hedgefund.net 3. Speech by Mr. Christian Noyer, Governor of Banque de France to RBI staff delivered on May 14, 2007 at Reserve Bank of India, Central Office, Mumbai. 4. www.rbi.org.in for financial data pertaining to GDP and FIIs. 5. News from The Hindu dated 29th March 2007. 6. www.vccircle.com for various articles on Hedge Funds.