India OKs Two More Hedge Funds

Oct 9 2012 | 10:57am ET

India's market regulator has given its blessing to two more alternative investment funds, bringing the number of such funds in the world's second-largest country to nine.

The approvals for the Dicci Trust and Real Estate Opportunities Trust came last month and this month, less than a month after they applied. At least 18 more applications to launch alternative investments funds are on the Security and Exchange Board of India's desk.

India approved its first seven hedge funds in July and August. The regulator promulgated new rules covering alternative investments in April.

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