NISM 19B AIFD Distributors Certification Exam Notes

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  • Hedge Fund Origins: First hedge fund launched in 1949 by A.W. Jones & Co., using incentive fees, short selling, and leverage.
  • Indian Capital Markets: Significant growth in the 1990s, with portfolio managers and mutual fund regulations shaping asset management.
  • Foreign Hedge Funds: Invested in India via offshore jurisdictions or ODIs issued by FIIs, holding 5% of FII assets by March 2004.
  • Eurekahedge Index: Tracks 15 India-focused hedge funds, showing consistent returns despite the 2008 financial crisis.
  • Offshore Restrictions: Hedge funds couldn’t market in India pre-2012 due to public offering rules and RBI restrictions.

NISM 19B AIFD Distributors

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