Basant Maheshwari, inspired by his illustrious domestic and foreign peers, has started a brand new Portfolio Management Service (PMS). With his stock picking expertise, he should have no difficulty attracting hordes of deep pocketed investors. The question is whether this move will now catapult him to the big league
The perils of a concentrated portfolio are exemplified by the steep losses suffered by Tiger Ratan Capital Fund. The downturn in just two stocks has sent the AUM plunging a whopping 33% in just three months
A punter who devised a devious plan to send the stock price surging or plunging based on bogus tweets has been busted and faces 25 years in jail. Sadly for him, while he caused a market loss of Rs. 8 crore, his gains from the fraud was only Rs. 6,000
After Bill Ackman, Ruane Cunniff, another large shareholder of Valeant Pharma, has rushed to the defense of Valeant Pharma. It complained of experiencing “extraordinary level of pain” at the steep plunge of Valeant’s stock price but gave a clean chit to the beleaguered company and its CEO
Bill Ackman’s Pershing Square Hedge Fund has lost $2 Billion of its investment in Valeant Pharma on the back of allegations that Valeant is an “Enron like fraud”. If a super-savvy investor like Bill Ackman can’t get his investments right, what chance do ordinary investors have?
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