Hedge funds make billions as India’s options market goes ballistic

Hedge funds take nice pains to cover their internal workings. So a current courtroom case wherein Jane Road sued two former workers and Millennium Administration, one other fund to which that they had jumped ship, was immensely pleasing to the agency’s rivals, because it provided a uncommon view into one of many trade’s giants. Among the many revelations: Jane Road’s “most worthwhile technique” didn’t play out on Wall Road, however within the unglamorous Indian choices enterprise, the place the agency final yr earned $1bn.