Tax Increase Shakes India’s $36 Billion Arbitrage Trade
India’s arbitrage fund managers are bracing for lower returns after the government unexpectedly raised taxes on equity derivatives, a move that threatens a fast-growing sector that holds $36 billion in...
By Ashutosh Joshi · Bloomberg Markets
India’s arbitrage fund managers are bracing for lower returns after the government unexpectedly raised taxes on equity derivatives, a move that threatens a fast-growing sector that holds $36 billion in assets.