long-short investment strategy: Why are Indian MFs struggling to find skilled short-sellers?
Mumbai: Who wouldn’t want a challenging, respectable, high-paying job as a money manager in the fast-growing mutual fund industry? That’s what mutual fund chief executives and hiring managers assumed until they started looking for equity short-selling specialists-professionals who profit by betting on declines in stocks or indices. As mutual funds gear up to roll out niche investment strategies, many are discovering a glaring void: a shortage of seasoned short-sellers in India.
The sudden demand for short-sellers among mutual funds stems from their new business initiative, known as specialised investment funds (SIFs), which allow these asset managers to launch targeted strategies like the long-short. That approach bets on both rising and…
