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Avendus Capital Public Markets, India’s largest hedge fund, had shrugged off a surge in crude and a weaker rupee. Then defaults by Infrastructure Leasing & Financial Services Ltd. rocked the markets. The current rout was triggered by liquidity concerns, according to Vaibhav Sanghavi, co-chief executive officer at Avendus Capital Public Markets. “When Nifty 50 was … Continue reading

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