Global Investment House  (Global) announced today that Mayur Hedge Fund, a long short absolute return growth oriented fund with a net long bias, has reported 61% return for the year 2014, outperforming the benchmark (NIFTY) which returned only 31.4%.

The Mayur Hedge Fund is an India-focused product managed directly by Global which aims to achieve capital appreciation through investing predominantly in equity related instruments of Indian companies. The fund has the flexibility to take long and short positions on Indian securities. This fund structure enables it to achieve capital appreciation simultaneously mitigating downside risk.

Rajesh George, VP International Asset Management at Global stated, “We are pleased with the outstanding returns reported by the fund in 2014, thanks to the investment strategy and stock selection process. This fund was ranked as the second best performing Hedge fund for the Indian market among all funds reported by Eureka Hedge in June 2014.”