Punita Kumar-Sinha is a person very familiar to us. She is the former fund manager with Blackstone where she handled portfolios worth billions of dollars. She quit in 2012 to set up her own investment advisory firm called ‘Pacific Paradigm Advisers’.
We have seen Punita Kumar-Sinha on TV on a number of occasions. She has a lovely and charming personality together with a clear understanding of complex global issues.
You can see in the embedded clip how Punita is at ease debating the complicated issues of China growth with the legendary Mark Mobius.
Punita’s husband is Jayant Sinha, the son of Yashwant Sinha, the former Finance Minister. Jayant Sinha is also a brilliant fund manager, with a MBA from Harvard Business School. In fact, the duo met in the USA, fell in love and got married.
At Harvard, Jayant Sinha was a classmate with Bill Ackman, the Billionaire fund manager. Nobel price winner Amartya Sen was his professor. While in the USA, he also interacted with Raghuram Rajan, the present Governor of the RBI.
You can see an interview with Jayant Sinha where he gets grilled by Vivek Law of Bloomberg on complex economic issues and and comes out with flying colours.
Jayant Sinha is standing for election from Hazaribagh (Jharkhand), a strong hold of his father Yashwant Sinha. There is a nice article in the Business Standard about the transition that Jayant is making from the elite corridors of Harvard to the dusty bylanes of Hazaribagh. You can also read about Jayant’s business interests in this article.
Punita’s net income in FY 2013-14 was surprisingly low at Rs. 24.17 lakhs. My guess is that the transition from Blackstone to Paradigm has temporarily crunched her earnings. Jayant, however, reported a respectable income of Rs. 3.67 crore in the same period.
In terms of assets, Jayant was ahead with a net worth of Rs. 36.38 crore as against Punita’s net worth of Rs. 14.28 crore.
Between them, the power couple has 5 luxury cars, two of which are Mercedes Benz.
Surprisngly, neither of the two top-notch fund managers have any investments in stocks, probably as a result of their job profile. This must be the most frustrating part of their jobs – to be able to identify multi-bagger stocks but not participate in them.
Punita & Jayant have, however, made up for the lapse by making hefty investments in real estate. Between them, they boast of a penthouse and lots of agricultural land. Jayant also has a treasure trove of artworks of masters like MF Hussain, SH Raza and Ram Kumar and precious antique items.
If Jayant does make it to Parliament, it will be great for all of us investors because with Punita’s aid, he is sure to bring in reforms that will benefit the stock market.
So, if you happen to be in Hazaribagh, do vote for Jayant Sinha. His symbol is the Lotus.