Ravi Gopalakrishnan, Head (Equities) at Canara Robeco Mutual Fund, has put in his papers. At Canara Robeco Mutual Fund, Gopalkrishnan led the fund management and equity research team for the last five and half years. Phone calls to Gopalkrishnan remained unanswered while an e-mail sent to Canara Robeco Mutual Fund did not get any response. It is not known as to where Gopalkrishnan is headed, but industry sources believe Gopalkrishnan is likely to join another firm in the asset management or private equity space. Prior to Canara Robeco, Gopalkrishnan worked with Pramerica Asset Management and Principal Asset Management. At Canara Robeco Gopalkrishnan managed Canara Robeco Emerging Equities Fund, Canara Robeco Force Fund, Canara Robeco Large Cap Plus Fund and the equity component of Canara Robeco Balanced Fund. Canara Robeco Emerging Equities, the largest equity fund in the stable with assets of Rs 3,559 crore, has been of the best performing equity funds in the small cap space with a … [Read more...] about Ravi Gopalakrishnan, head of equities at Canara Robeco Mutual Fund, steps down
Analyst private equity salary
Does India really need a New Education Policy? Is our educational reform held back by the datedness of the 1986/1992 education policy which was written before the internet and mobile phones? On this question, I tend to agree with what the current Prime Minister said back in 2013 – “India needs Action, not Acts.” So I admittedly approach the draft National Education Policy 2019 with some scepticism.Further, in my opinion, a good policy should not be too long, should take stands on important issues, prioritize action items, readily provide evidences for the tenets it advances and draw extensively on the experience of people who have worked in the sector nationally and internationally. It should focus on the objectives that more of us can agree on, than on philosophies on which there will be more divergence. These points are important because in India we tend to write policies and Plan Documents in education that say the right … [Read more...] about Does India really need a New Education Policy to achieve educational equity?
The Premiership champions, Saracens, have pledged to fight the imposition of a 35-point deduction and £5m fine after they were found to have breached salary cap regulations. Nigel Wray, the club’s chairman, described the sanction by Premiership Rugby as “absolutely devastating” after an independent panel upheld charges that the club exceeded the cap by more than £2m across the past three seasons. “We will appeal all the findings,” said Wray. “It has been acknowledged by the panel that we never deliberately sought to mislead anyone or breach the cap and that’s why it feels like the rug is being completely pulled out from under our feet.” However, there was support for the sanction from other Premiership clubs while Tony Rowe, chief executive of Exeter, who lost the Premiership title to Saracens in June, called for a more severe punishment. “They should be relegated,” Rowe said. “It just leaves a sour taste in … [Read more...] about Saracens docked 35 points and fined £5m for salary cap breach
Nigerian equities market on Wednesday rebounded with N133 billion after two days of consecutive downward trend. Specifically, the market capitalisation which opened at N13.342 trillion inched N133 billion or one per cent to close at N13.457 trillion. Flooding: FCTA distributes N150m agro-inputs to Abuja farmers(Opens in a new browser tab) Also, the All-Share Index surged 274.57 points or one per cent to close at 27,681.61 against 27,407.04 achieved on Tuesday. The upturn was impacted by gains recorded in medium and large capitalised stocks, amongst which are Stanbic IBTC Holdings, Guaranty Trust Bank, MTN Nigeria, Ecobank Transnational Inc. (ETI) and Lafarge Africa. Analysts at Afrinvest Limited said that “ in the absence of any major stimulus, we expect a bearish performance for the rest of the week. “Nonetheless, we see opportunities for bargain hunting in stocks with sound fundamentals,” they said. Market breadth closed positive with 24 gainers against 13 … [Read more...] about Nigeria equities market rebound by N133bn
The ailing travel group Thomas Cook was close to abandoning hope of a private sector rescue deal on Friday evening as a City blame game engulfed the UK's oldest travel agent.Sky News has learnt that a series of possible scenarios that were on the table in recent days have been ditched after it became clear that the company could become insolvent within hours.Sources said that Thomas Cook, its lenders and advisers had been working on a plan earlier on Friday to devise a way of keeping its airlines in the UK, Germany and northern Europe out of administration while letting its British tour operating arm fail.They said that plan had been discounted as being too complex.A separate proposal which would have involved CQS Management, the hedge fund run by the London Stock Exchange Group's former chief executive, Xavier Rolet, providing a big chunk of the £200m additional funding demanded by Thomas Cook's lenders, had also been aborted. Advertisement Insiders added that in … [Read more...] about Thomas Cook gives up hope of private rescue amid City blame game