once in a blue moon
Last week, on the day that funds tracking the MSCI Global Index had to change their portfolios by buying stocks included in the index, the arbitrage systems of large foreign banks were among the biggest net sellers among institutional investors. became. This massive sell-off caused market participants to raise their eyebrows. That’s because the amount of shares sold at the end of October was many times its assets under management (AUM). And the latest AUM is back to the level at the end of October. This meant that the scheme suddenly received a large influx of money in mid-November, and by the end of the month, all investors had withdrawn.
What’s your name?
Quite a number if it happens to be one of the most popular brokerages in the country. It turns out that when the broker was considering applying for the preferential allotment of mid-cap companies, it intended to do so through its Alternative Investment Fund (AIF). However, the lead manager on this issue suggested that better optics would be achieved if an intermediary entity were to mediate.
I subscribed to that issue. It seems that the “persuasion” was successful, and in the end, the securities company, not AIF, applied for the issuance.
paint me bad
The Special Situation Fund, run by HNIs from the Royal State, continues to pose a tough situation for buyers of Shalimar Paints shares. Hella Infra is seeking to acquire 26% stake in Shalimar Paints through a tender offer at Rs 167 per share. There were quite a few large trades in stocks on Wednesday. Hella was successful in obtaining a significant amount from promoter group entities. But the bad news is that HNIs are buying up stocks from the market. The chatter is that he’s making a tough deal.
turn a goose into a swan
Until a month ago, Swan Energy stock was seen as a stock of choice for investors. However, that perception seems to have changed overnight as institutional investors began to focus squarely on stock prices. As the rally to defend everything intensifies, stocks in the sector that currently appear cheaper than the front-line stocks are being explored. And Swan seems to fit that bill. The buzz is that the friendly circle that owns the stock is cashing in.