Sat, Jun 24, 2017
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. FinTech - Rise of robots: Inside the world's fastest growing hedge funds[more]

    From Bloomberg.com: Believe the hype. Quants have never been more popular. After doubling over the past decade, assets run by so-called systematic funds have hit a record $500 billion this year, according to estimates from Barclays Plc. In some ways, their meteoric rise is due to the same technolog

  2. Legal - Bond market concerns could scuttle Paulson's Fannie-Freddie plan[more]

    From Bloomberg.com: A hedge fund proposal for freeing Fannie Mae and Freddie Mac from U.S. control is poised to face stiff opposition from investors who say it risks wrecking the mortgage-bond market. The Moelis & Co. blueprint, which firms including Paulson & Co. and Blackstone Group LP sponsored,

  3. Other Voices: Are your pricing policies and procedures for less liquid instruments adequate?[more]

    Komfie Manalo, Opalesque Asia: The unrelated position mismarking incidents that quickly precipitated the closures of both Visium Asset Management and Marinus Capital have been recent focal points for market participants, but regulatory scrutiny of valuation choices for less liquid instruments is

  4. FinTech - AI hedge fund Numerai now live on Ethereum, Cryptocurrency hedge funds generate huge returns as bitcoin surges[more]

    AI hedge fund Numerai now live on Ethereum From Cryptoninjas.net: Back in February, Numerai announced numeraire (NMR), a cryptographic token to incentivize a new kind of hedge fund built by a network of data scientists. Earlier today, the Numeraire smart contract was officially deployed

  5. Investing - Advisors slash hedge fund positions, Theravance Biopharma is a top pick of investment guru Seth Klarman, As asset management industry grows a search for new revenue streams[more]

    Advisors slash hedge fund positions From Barrons.com: Financial advisors have cut wealthy clients' exposure to hedge funds by up to one third over the past 12 months, The Financial Times reports. Advisor firms in the FT's annual top-300 ranking have reduced their hedge fund allocation to