Sun, Sep 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

India is a stock picker’s market

Friday, July 26, 2013

amb
Chrys Kamber
Benedicte Gravrand, Opalesque Geneva:

India finds itself in a terrible macro situation and its macro instability has become a big bugbear for its financial markets, writes Pratik Sharma, managing director at Atyant Capital in a fund commentary earlier this week. The Rupee fell -8.39% versus the US Dollar during the second quarter during which there was severe volatility in the equity markets, he adds. His fund, the Atyant Capital India Fund came down around 12% that quarter.

But he sees clear opportunities: "We think the asymmetry in the market has never been larger. There are opportunities for people to invest in very low downside and very significant upside opportunities. Sooner or later sentiment about India will change. We are not sure whether such attractive prices and asymmetries will exist once the pall of gloom lifts."

According to Deepak Lalwani, founder of Lalcap Ltd, India is suffering from its worst economic downturn in a decade, with economic growth sliding to 5% for the year to 31 March 2013, whereas five out of the last eight years saw economic growth of over 8.5% p.a. He says in his famous India report this week that he revised his GDP growth forecast downwards to 5.6% for the year ending 31 March 2014.

But, he points out, India's stock market remains the best performer among BRIC countries this year. As it did......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SEC charges 19 investment firms and one trader for breach of Rule 105[more]

    Benedicte Gravrand, Opalesque Geneva: The Securities and Exchange Commission (SEC) started a push to enhance the enforcement of Rule 105 of Regulation M last year to uncover hedge funds and private equity firms that have illegally participated in an offering of a stock after short selling it duri

  2. Fund managers, bullish on Europe, anticipate monetary policy separation of Fed and ECB[more]

    Komfie Manalo, Opalesque Asia: At least 202 fund managers with $556bn of assets under management said that while the European Central Bank (ECB) has eased its monetary policy that sent sentiments towards Europe to pick up, the Fed is expected to hike its rate in the spring of 2015. Investor

  3. Institutions - North Carolina workers call on state pension to dump up to $6bn in hedge funds, UK pension fund criticizes hedge fund fees[more]

    North Carolina workers call on state pension to dump up to $6bn in hedge funds From Forbes.com: The State Employees Association of North Carolina this afternoon called on state Treasurer Janet Cowell to withdraw all investments in hedge funds, which appear to amount to approximately $6 b

  4. News Briefs - Limited partners of investment managers may be subject to self-employment taxes, Just one week left until NYC's Rocktoberfest[more]

    Limited partners of investment managers may be subject to self-employment taxes On September 5, 2014, the Internal Revenue Service (“IRS”) issued Chief Counsel Advice 201436049, concluding that members of an investment manager were subject to self-employment taxes with respect to their e

  5. Institutions - Adviser's faith in hedge funds unshaken by CalPERS' move Advisers weigh in on CalPERS’ decision, Gina Raimondo sees no reason to follow California’s lead, exit hedge funds, Danish pension funds step up 'alternative investments'[more]

    Adviser's faith in hedge funds unshaken by CalPERS' move From WSJ.com: Financial advisers who use hedge funds in their clients' portfolios say they aren't rethinking that approach after a huge California pension fund announced plans to exit the hedge-fund market. The decision by the Cali