U.S.-based hedge fund Tudor Investment Corp. plans to inject $100 million into Helios Capital Management Pte. Ltd. and take a 15% equity stake in the India-focused fund company, according to people familiar with the arrangement. Tudor's investment is a sign of continued bullishness on prospects for Indian stocks, which are lagging this year after clocking 40%-plus growth in both 2005 and 2006. Helios is based in Singapore. Tudor, of Greenwich, Conn., is investing $50 million in Helios's equity-focused hedge fund, which holds shares in stocks and single-stock futures, according to the people. Single-stock futures are an unusual type of security available in India but not offered in most Asian markets.   more »

Old Lane, the New York-based, India-focused hedge fund recently bought out by Citigroup, plans to increase its India presence by floating a public asset management company and an infrastructure development company. Apart from the $4-billion hedge fund, Old Lane also has a $500-million India opportunities fund. Floated by three former Morgan Stanley executives, Old Lane plans to invest capital raised overseas in Indian equities and bonds as global investors are enthused with the world’s second-fastest growing economy that recently crossed the $1-trillion mark, said CEO and co-founder Guru Ramakrishnan.   more »