Indian hedge fund Avendus Capital hoards cash as market sell-off rumbles on

Indian hedge fund Avendus Capital hoards cash as market sell-off rumbles on

Indian hundred rupee notes rolled in a bundle. Photo: Rupixen/Unsplash

India’s largest equity hedge fund manager is hoarding cash as it’s too early to call the bottom to a free fall in the nation’s equity market triggered by global risk-off and local financing woes.

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