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Context is everything.
Detailed stories on technology startups, business and economic current affairs.
Detailed stories on technology startups, business and economic current affairs.
A week after highlighting the fund house and its CEO’s desperate moves, we uncover a whole different level of risk—an inordinately high exposure to stocks that could prove hard to exit in a pinch.
Quant Mutual Fund is undergoing a belated course correction, which we wrote about last week. But, its severe underperformance and high level of concentration risk—that brought on the course correction—are not its only problems. There is a far bigger and graver issue that the mutual fund house and its chief investment officer Sandeep Tandon face.
It’s so serious that it calls for a separate story. So here goes.
A tenth of Quant MF’s near Rs 96,000 crore assets under management are stuck in illiquid stocks. Not just that, the concentration of the fund house in these stocks, vis-a-vis the entire …
The fund house has fallen behind its peers. What explains the sub-par performance?
The announcement of the deputy managing director’s retirement in August may have more to it than meets the eye.
Mounting concentration risk has forced the fund house to change tack yet again. While shifting focus to small-cap stocks from defensive ones could somewhat help, such frequent switches are less than ideal.
