Research

  • Indian Currency in a New Territory

    Indian rupee (INR) has depreciated by more than 20% over the last one year (See appendix 1). This has raised a debate if a currency crisis is unfolding in India. The decline in Indian rupee looks nothing less than a devaluation of the currency. The key concerns associated with depreciating currency are strong dollar, falling GDP growth,

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  • Trading Leveraged ETFs

    Dynamics of ETF vs. Leveraged ETF spreads Author: Ganapathy Vidyamurthy | 10/18/2011 By nature of their design the Leveraged ETFs and inverse leveraged ETFs are primarily used for short term speculation or as a portfolio hedge. This intentional design of the ETF however has ramifications when the Leveraged-ETFs are held for longer periods of time. As

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  • Switching Style to Outperform Market

    A Model that Switches to the Outperforming Market Style The greatest risk is having the wrong style bias The greatest risk that an investor has is not picking the wrong stock, but identifying the wrong investment ‘style’ of the market. If a manager has a “Growth”-bias and “Value” is continually outperforming, then the manager will likely underperform. This

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  • India Nearing End of Rate Increases

    Comment: India is ahead of the curve, nearing end of rate rises On 25 July, India raised its repo and reverse repo rates by 50bp and is likely only one or two rate rise away from the top of the cycle. This is important because this means that while the rest of Asia faces one to two years

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  • View From Venus Post-Crisis

    Corruption fears and under-appreciation of India’s true potential have held global investors back, but the undeniable strength of India’s demographics will force allocators to up their exposure sooner rather than later, says Vik Mehrotra, founder of hedge fund firm Venus Capital By: Antony Ireland Venus Capital Management, formed in Boston in 1994, claims to be

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