Vishal Kampani, son of Nimesh Kampani (Indian securities market veteran) decides not to seek re-appointment as MD of JM Financial (JMF) and instead decides to take the position of Non-Executive Vice Chairman w.e.f. October 1, 2021. Key points to note – Kampanis (promoter family) own 54.75% of JMF. Decision to give up MD post is … Read more
India’s $442 billion asset management industry is finally having to reckon with the passive investing juggernaut. After decades of sluggish growth, the number of accounts invested in index-tracking or exchange-traded funds more than doubled to 5.6 million in the year to April. Passive products now account for nearly a quarter of equity assets under management … Read more
Saira Malik is the chief investment officer for Nuveen’s $420 billion equity division. She runs three different strategies that are succeeding in the post-pandemic world. Malik told Insider how she’s investing in a more gradual recovery after COVID. See more stories on Insider’s business page. Since the start of 2020, few things seem to have … Read more
Warren Buffett potentially missed out on Microsoft’s IPO because of Liberty Media’s John Malone. Malone told the investor that he wouldn’t buy the software stock due to competitive threats. The media mogul later said he’d be “bigger than Warren Buffett” if he spun off fewer companies. See more stories on Insider’s business page. Warren Buffett … Read more
Nick Maroutsos, head of global bonds at Janus Henderson Investors, told Bloomberg he will retire in October. The 44-year-old said the pandemic had made him reevaluate his life. He wanted to spend time with his kids, he said. Maroutsos took over from legendary billionaire “Bond King” Bill Gross in 2019. See more stories on Insider’s … Read more
The Bengaluru-based company now offers direct investments in mutual funds, stocks, initial public offerings, digital gold, and exchange traded funds. It is backed by fintech investor Ribbit Capital, YC Continuity Fund, and Propel Ventures, apart from Tiger Global and Sequoia. The company has raised more than $142 million from investors, of which $113 million came … Read more
Edinburgh-based firm Baillie Gifford took early bets in some of last year’s biggest winners. Tesla, Moderna and Alibaba have made the firm profits of around $27.6 billion – Bloomberg data. The Baillie Gifford team told Insider their 3 tips to making a success of active investing. Visit the Business section of Insider for more stories. … Read more
Regulator SEBI on Wednesday sought comments on the proposal to introduce the concept of ‘accredited investors’ in the Indian securities market. The comments can be sent to the regulator in a prescribed format latest by March 18, it said in a consultation paper. SEBI noted that accredited investors, also called qualified investors or professional investors, … Read more