Equirus celebrated its first anniversary of incorporation on 24th Jul 08 at Trident,
(formerly The Hilton), Mumbai with a panel discussion on "Absolute Return Strategies".
The panel comprised of stalwarts in the global investing community viz. Mr. Rakesh
Jhunjhunwala, a well known investor, Mr. Aakash Prakash of Amansa Capital, Singapore
and Mr. Robert Hsu of Absolute Return Capital Advisors, USA. The discussion was
moderated by Mr. Ramesh Damani, a well known name among investors and a prominent
member of BSE.
Mr. Hsu explained the concept of Absolute Returns in evaluating an investment approach
and contrasted it with the more familiar Relative Returns concept. The relevance
of the Absolute Returns concept for a global investment strategy is that an opportunity
to invest always exists in one market or the other, irrespective of the overall
global economic circumstances.
The panel members provided discerning pointers in their own investment philosophies
for identifying and investing in market opportunities. Mr. Prakash elucidated the
significance of evaluating price and management team quality in any investment decision.
Mr. Jhunjhunwala opined that out-of-the-box thinking, continuous learning, risk
taking ability and quick thinking and actions, as the key traits necessary for any
good investment strategy.
The discussion also entailed insightful perspectives from the panel members on the
Indian and Chinese markets. Mr. Hsu illustrated the reasons for the Hong Kong market
outperforming the Shanghai market. Mr. Prakash and Mr. Jhunjhunwala were both cautious
about the performance of Indian markets in the near term. The panel also provided
different perspectives on the expected future trend in the oil prices and its effect
on the global economy.
The panel discussion was concluded with witty rapid fire questions by Mr. Damani,
in his signature style, and a few audience questions. The event was witnessed by
a packed audience with distinguished personalities from the Indian corporate and
financial world gracing it with their presence.
Equirus is grateful to all the guests for attending the event and bestowing Equirus
with their precious wishes. A special thanks to all the panel members for taking
part in the discussion and updating us with their valuable views on the global and
Indian markets. A special thanks to Mr. Damani for moderating the discussion and
making it more insightful as well as interesting.
Equirus organized a panel discussion on 'State of Equities Market' on 20th Nov 07
at The Taj Mahal Palace and Tower, Mumbai. The panel comprised of stalwarts in the
Indian investing community viz. Mr. Rakesh Jhunjhunwala, Mr. J M Trivedi of Actis,
Mr. Madhu Kela of Reliance Mutual Funds and Mr. N Jayakumar of Prime Securities.
The discussion was moderated by Mr. Ramesh Damani, a well known name among investors
and a member of BSE.
The key takeaways were cautious optimism in light of
a) a high probability that Indian companies may fail to deliver revenue and profit
growth on a sustained basis and
b) the poor global economic indicators.
With rising middle class and strong domestic consumption, the panelists were of
the opinion that inspite of an impending global economic slowdown, it is likely
that the Indian Economy would continue to demonstrate superior growth