Mark Mobius, whose name has been synonymous with investing in developing countries for a third of a century, isn’t planning to slow down even as he steps back from the firm that bears his name. The 87-year-old money manager said he’s busier than ever as he looks to set up a new venture in Dubai. … Read more
Commodity traders likely saw a record $115.6 billion in gross margin last year on market volatility driven by Russia’s war in Ukraine, according to a new report. If confirmed by trading companies’ annual profit figures — many of which haven’t been released yet — it would be a 61% increase over the previous year, consultants … Read more
Greed and fear often hinder investors’ ability to think rationally. When the market goes haywire, chances of making huge losses become a real possibility as the emotional aspect comes to play. This is where quant strategies score. Quant funds rely on algorithmic or systematically programmed investment strategies. Investments in various strategies are based on multiple … Read more
Gold slumped more than 5% on Monday as news of the first successful late-stage COVID-19 vaccine trials prompted investors to dump safe-haven bullion and flock to riskier assets. Spot gold was down 4.9% at $1,854.44 per ounce by 10:11 p.m. IST, while US gold futures slid 4.9% to $1,855.30. Spot prices beat a sharp retreat … Read more
Famed financial author and futures & hedge funds expert Jack Schwager defines a stock trader as someone who is as likely to go short as long, and who is willing to change positions with more frequency than someone who might be called a long-term investor. “If one is making quick decisions on when to go … Read more
By failing to take advantage of the surfeit of global capital scouring the world for profitable deployment, the government fails the people of India, in desperate need of growth, incomes and jobs. Synopsis There is an IPO fever raging in the US, apart from Covid-19. It shows that there is a mass of capital out … Read more
By Scarlet Fu Having a star fund manager is an easy way for an asset management firm to attract client money. But for Franklin Resources Inc.’s chief executive officer, it’s not worth the disruption when they leave. “Clients get nervous by a star manager, if you appoint one, because then it becomes a succession issue,” … Read more
NEW DELHI: Gold and silver prices witnessed dramatic swings this week, thanks to huge demand followed by a bout of profit booking, and this has kept bullion traders on their toes. Analysts are at a loss trying to predict where these precious metals are headed. Gold futures hit a record high at the start of … Read more
Mumbai: Despite relaxation in loan-to-value (LTV) ratio on gold loans, banks are likely to be cautious in lending and will keep a buffer for any correction in the price of collaterals, says a report. Last week, the Reserve Bank of India (RBI) had increased the permissible LTV ratio for loans against pledge of gold ornaments … Read more