SEBI broadens arbitrage funds’ scope in closing auction
India’s Securities and Exchange Board has given arbitrage mutual funds greater flexibility to manage hedged equity positions around the new closing auction, a step aimed at increasing institutional liquidity in the end-of-day price-setting mechanism. The regulatory relaxation allows fund managers more room to adjust the cash and futures legs of arbitrage trades while participating in the Closing…
We haven't written up this one. Arabian Post has the full story — the link below goes straight to it.
