Hedge funds - India stocks buy

Indian stock investments of “George Soros” - Billionaire global investor

Stocks on the Indian stock market has been beaten down over the past few months. Billionaire global investor George Soros has turned contrarian on India. The hedge fund Quantum, co-owned by George Soros, went on a buying-spree at a time, when most funds were dumping stocks in a bear market. It is widely reported that Quantum fund has bought stocks in following Indian stocks in the last few months

- Jain irrigation systems ( 3.8% of equity )
- Jai corp (1.0 % of equity )
- Karuturi networks ( 4% of equity )
- Kalindee Rail Nirman
- India bulls financial services
- India bulls real estate
Quantum’s selective stock picking comes at a time, when institutional investors have been pulling out a huge amount of money from Indian markets. This is due to concerns over a combination of factors such as weak global markets, soaring global oil prices and spiralling inflation in India. “Hedge funds normally are active, when there is some momentum in the market. Quantum may be trying to do some value-buying, but one has to see how long the fund stays invested, given the prevailing uncertain market conditions,” said a stock broker.