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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 dismal track record in portfolio management services doesn’t help the firm as it takes its first steps in a crowded industry dominated by some heavyweights.
Two sets of numbers perfectly capture the highs and lows of Saurabh Mukherjea’s Marcellus Investment Managers. In 2022, when Mukherjea was at the peak of his promise, Marcellus had Rs 12,704 crore ($1.3 billion) in assets under management, across 8,000 clients. A respectable figure for a portfolio manager with a storied career. In 2026, AUM stands at Rs 2,324.7 crore ($241.2 million), dropping about 81%. The number of clients has fallen 76% to 1,867.
The glory days of Marcellus’s portfolio management service (PMS) are unmistakably behind it. Not one to be easily disheartened, Marcellus now wants to take another shot …
Lenders stand to gain a lot more than borrowers in the current challenging market environment
The regulator’s shift to an auction-based close was meant to curb manipulation and mirror global markets. Instead, it has run into thin participation that is only amplifying distortions and volatility.
The market regulator is once again considering allowing colocation in the segment to pave the way for a smooth trading experience as commodity derivatives are drawing investors in hordes.
