Friday, November 11, 2005
Thursday, November 10, 2005
Derivatives on hedge funds
Derivatives on hedge funds: based on a hedge fund, a fund of funds, or a customized, actively managed basket of hedge funds.
The beauty of derivatives is that you can structure one on practically any underlying having an associated risk profile. As the IDD article: Derivatives Markets Swallow Own Tail? says "These days, the derivatives markets are becoming so pervasive that they bring to mind the ancient Greek symbol Uroboros, the snake that swallowed its own tail"
The beauty of derivatives is that you can structure one on practically any underlying having an associated risk profile. As the IDD article: Derivatives Markets Swallow Own Tail? says "These days, the derivatives markets are becoming so pervasive that they bring to mind the ancient Greek symbol Uroboros, the snake that swallowed its own tail"
Saturday, November 05, 2005
A trip to Vasai
Taking advantage of a free-day, I decided to do some exploring around Mumbai.
Vasai (or Bassein) is a coastal area adjoining the sea on the North of Mumbai. Vasai Road is two stops before Virar, on the Western line. An auto ride takes you to Vasai village, in which the Vasai fort is located. The fort is vast, covered with foliage and has a beautiful view of the sea but is dilapidated and poorly maintained. The auto fella, a guy by the name Ramu, warned me against wandering inside unless I was in a couple ;-) - so I chose not to stray far.
The Suruchi beach near the fort is pristine and beautiful. Almost undisturbed by visitors, unlike most beaches I've been to, its really great to stand in the crystal clear water and frolic around :D
The area has a very sea-side village feel, it reminded me of Pondicherry and Goa. A nice area to go on a day's picnic. Ramu says there are better beaches further up north, closer to Virar, must go someday...
Vasai (or Bassein) is a coastal area adjoining the sea on the North of Mumbai. Vasai Road is two stops before Virar, on the Western line. An auto ride takes you to Vasai village, in which the Vasai fort is located. The fort is vast, covered with foliage and has a beautiful view of the sea but is dilapidated and poorly maintained. The auto fella, a guy by the name Ramu, warned me against wandering inside unless I was in a couple ;-) - so I chose not to stray far. The Suruchi beach near the fort is pristine and beautiful. Almost undisturbed by visitors, unlike most beaches I've been to, its really great to stand in the crystal clear water and frolic around :D
The area has a very sea-side village feel, it reminded me of Pondicherry and Goa. A nice area to go on a day's picnic. Ramu says there are better beaches further up north, closer to Virar, must go someday...
Thursday, October 27, 2005
Warburg Pincus on India
Some excerpts from the Knowledge@Wharton article on Private Equity Investments in India:
"There may be debate about the pace of reform, but not about its direction. Indian businessmen today very rarely point to government as an obstacle," Pathak says. As for that vaunted Indian bureaucracy, he mentions that Warburg repatriated its profits in 48 hours. It's easy to take money out of India, perhaps even easier than bringing it in, he jests.
One of the biggest changes Pathak says he has noticed has nothing to do with numbers. "There has been a complete change in the confidence level of people in India," he says....There's a swagger in the step of India's business, and the country's government is showing signs it has caught the contagion.
"There may be debate about the pace of reform, but not about its direction. Indian businessmen today very rarely point to government as an obstacle," Pathak says. As for that vaunted Indian bureaucracy, he mentions that Warburg repatriated its profits in 48 hours. It's easy to take money out of India, perhaps even easier than bringing it in, he jests.
One of the biggest changes Pathak says he has noticed has nothing to do with numbers. "There has been a complete change in the confidence level of people in India," he says....There's a swagger in the step of India's business, and the country's government is showing signs it has caught the contagion.
Tuesday, October 25, 2005
Subscribe to:
Posts (Atom)