Sebi on Friday came up with guidelines related to performance reporting and benchmarking by portfolio managers. Managers have to adopt equity, debt, hybrid and multi-asset strategies. A portfolio manager may tag more than one investment approach (IA) to a strategy, but each IA must be tagged to only one strategy. Industry body Association of Portfolio […]
Early this year an affiliate of global private equity firm Bain Capital sold its stake in logistics company J M Baxi Ports & Logistics to a German shipping and container transportation company, Hapag-Lloyd. Bain made a over 60% IRR (internal rate of return) in the transaction. Bain Capital is keen to invest more in logistics […]