How do hedge funds make money

Hanfu has become popular among young Chinese women, and the style can be seen in parks, sightseeing hot spots and wedding photo shoots. So far, the market is estimated to have more than 2 million fans nationwide, with the sector valued at 1.09 billion yuan ($141 million), according to industry estimates. … [Read more...] about Making money more than fun and games

By Eyk Henning and Gillian Tan SoftBank Group Corp. has named Akshay Naheta senior vice president, moving the Vision Fund managing partner to a new role as the company looks for ways to improve its governance and stem losses, according to people familiar with the matter. Abu Dhabi-based Naheta will assist SoftBank founder and Chief Executive Officer Masayoshi Son in managing the conglomerate’s investments function and will provide strategic advice to its global management team, said some of the people, who asked not to be identified because the appointment isn’t yet public. Naheta will start his new role in June, one of them said. Another Vision Fund managing partner, Tokyo-based Kentaro Matsui, will transition to a senior advisory role at SoftBank Group, one of the people said. The moves were mutual decisions and part of an effort to refine the originally $100 billion fund’s operating model, the person added. Both Matsui and Naheta -- whose previous roles were … [Read more...] about SoftBank hands new roles to two Vision Fund managing partners

The trend of investing in global markets will pick momentum over a period of time, says the CEO of Edelweiss Global Asset and Wealth Management. Where do you see better risk reward? Do you think the case for fixed income is stronger or do you think equities look much better on a risk return basis for the next one or two years? As a wealth manager, we are very clear that most of the alpha in portfolios is created not by being very bold about making big calls or whether to go into equity or fixed income but making more calibrated asset allocation calls and being very selective about what products you choose to play. But generally speaking, I think there is a very big opportunity in fixed income, which is very counterintuitive to all of us because you look at the yields and they are very low. RBI shut its window for 7.75% yield paper and that was a seven-year paper. The reality of life is that for the next two or three years, we are budgeting for a very low inflation and if we are … [Read more...] about Expect residential real estate to make a come back: Nitin Jain

NEW DELHI: East Delhi Municipal Corporation (EDMC) has told Delhi High Court that it has decided to continue its pension scheme covering over 30,600 disabled, widowed and elderly persons, subject to availability of funds. EDMC told the court that the resolution to continue with the scheme was taken in a meeting of the standing committee of its house before which it had placed a proposal on whether the scheme should be done away with as the pensions has been stopped since March, 2013. EDMC has also said "the distribution of pension is a discretionary function of the corporation, provided under the statute i.e. Delhi Municipal Corporation Act, 1957 (section 43) and same is subject to availability of funds." It told the court that pension funds to the tune of Rs 107.52 crore has not been paid for the last 24 months due to lack of funds. The corporation made the submissions in an affidavit filed in the court pursuant to its April 8 direction to EDMC to take a policy decision with … [Read more...] about Destitutes’ pension subject to funds availability: EDMC to Delhi High Court

NEW DELHI: If intermittent market rallies amid a depressing outlook for the domestic economy have surprised you, you need to listen to the thinking among top fund managers on Dalal Street. Prashant Jain, one of India’s best money managers, says he has written off FY21 and is looking beyond. “Investors should not draw any conclusion looking at the performance of the market or economy this year, which is an outlier. The ongoing correction is one of the best times to invest in Indian stocks,” says he. This, Jain says, is also the time to double your investment in systematic investment plans (SIPs) of mutual fund. With half the economy not working amid the Covid-induced lockdown that is into the fourth phase, economists are expecting a 5-10 per cent GDP contraction for FY21. And Jain said the estimates appear realistic. “It will have a significant fiscal impact, as there will be severe loss of revenues. Corporate profitability will take a big hit, especially in … [Read more...] about D-Street’s top fund manager says write off FY21, double SIPs to bet on rapid growth in FY22