A little known Mauritius-based hedge fund more than tripled its investors' cash in 2014 through bets on small and mid-cap stocks in India, becoming the top global performer in a year when its average peer produced single-digit returns.
The Passage to India Opportunity Fund, managed by Ralph Kruger, gained 225 percent, three times more than the second-best performing hedge fund in the world, research firm Preqin said in a report on Thursday based on analysis of over 17,200 hedge funds managing more than $3 trillion in all.
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