Sun, Dec 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. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und