India bull

Jon Thorn''s India Capital Fund returned 26% last year and he is mega-bullish on prospects for Indian equities.

What is the background of the fund

Thorn We started the fund in 1994, and called it the Indian Smaller Companies Fund. We focused on non-conglomerates and JV partnerships. Then after six and half years things began to change in India indeed things are changing more in India now than in the whole of Indian history - I mean, in terms of the macroeconomic situation and the corporate structures available, and in terms of profits and earnings.

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