Hedge Fund Managers on Investing on Europe, Indian Stocks


Investors at the Value Investing Congress said in New York on Tuesday October 12, 2010 that while the US markets are perceived as more efficient, investors willing to take a risk and look overseas for "undiscovered "companies" - while also steering clear of currency fluctuations, corruption and political risks -- could make some money."

Investors at the Value Investing Congress said in New York on Tuesday October 12, 2010 that while the US markets are perceived as more efficient, investors willing to take a risk and look overseas for "undiscovered "companies" - while also steering clear of currency fluctuations, corruption and political risks -- could make some money." According to hedge fund managers overseas include, recovery in European markets or investing in emerging markets like India and would yield lucrative bargains and be safer than standing pat in the United States and risking a double dip.

Amitabh Singhi, managing director at India-based Surefin Investments, which oversees $15 million, said he is betting on sectors like transportation, housing and infrastructure growth in the country. "India is a very resilient country, you have 20 years of no electricity, no laws, crazy tax laws ... and we survived," said Singhi, who was born in India but earned his undergraduate degree at the University of Pennsylvania's Wharton School. With the expected growth target, companies like engineering majorLarsen & Toubro, and agriculture-focused tire maker Balkrishna Industries Ltd. On the finance front, he bets on Shriram Transport Finance Co Ltd, which helps Indians finance second-hand trucks for their businesses, and HDFC Bank Ltd, India's largest mortgage lender.


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