Kuwait-based Global Investment House has launched The Mayur Hedge Fund, a long short absolute return growth oriented fund with a net long bias. It is the first direct India-focused product by Global which will aim to achieve capital growth and provide investors the opportunity to benefit from the long term growth of the Indian market.

The Asian, and in particular the Indian markets offers a compelling investment opportunity stated Shailesh Dash, head of alternative investments at Global. Dash strongly believes that the investment case for India is powerful; the country – which is home to a quarter of the world’s population under the age of 25 has a positive demographic profile, an emerging middle class, good corporate governance and an economy that has a low reliance on foreign trade. Dash added that The Mayur Hedge Fund is positioned to effectively tap into these trends to the benefit of its investors.