All articles by Joseph Mariathasan – Page 28
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IP Asia
Hedge fund revival is underway
by Joseph Mariathasan - Investors are becoming more sophisticated in alternatives. Some are investing directly in the larger hedge funds, while using funds of funds for niche strategies and specific portfolios.
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IP Asia
Global Equity: Rediscovering dividends
by Joseph Mariathasan - Investors were hugely disappointed by the performance of stock markets over the past decade. Joseph Mariathasan explains why they should refocus on dividends
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IP Asia
India edges closer to stock lending
by Joseph Mariathasan - Soon, investors should be able to borrow and lend stocks in India. But this is not the first time it’s been tried
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IP Asia
Where a foreign partner helps
“We taught India the language of investing” was the Unit Trust of India’s traditional boast. Since T. Rowe Price bought a big stake in UTI, its modern slogan “Let’s plan to get rich” seems more appropriate. Joseph Mariathasan reports.
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IP Asia
Should EMD be regarded as a separate asset class?
The financial crash has marked a paradigm shift in the perceptions of the relative risks of emerging market investments, whether equity or debt. Joseph Mariathasan reports
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IP Asia
India gives NPS members some incentive
The Government of India has recently announced it will add a 1000 Rupees (c. $25) co-contribution every year for the next three years for everyone who joins the New Pension Scheme.
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IP Asia
Error margins and their consequences
Portfolio construction is often seen as a science, but there is a critical aspect of the experimental scientific methodology that is usually neglected. And yet it has profound implications for portfolio construction itself.
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IP Asia
Issues in bond index construction
Constructing indices for bond markets is not at all as straightforward as it is for equities. Joseph Mariathasan explains the problems of trying to satisfy all the different parties.
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IP Asia
Private equity in Asia – Smart or dumb money?
The growth of activity in private equity raises concerns about the quality of deals being done. Joseph Mariathasan reports
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IP Asia
Absolute return FI funds – a new generation
Interest in absolute return bond funds is returning after a calamitous experience during the market crash. But the new generation of funds being launched is likely to be very different in structure from those that performed badly as a result of the credit crunch. Joseph Mariathasan reports
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IP Asia
Partners are the key to success
One key issue for any fund manager that has aspirations to be a global player, is the potential to enter the domestic fund management market in China. Joseph Mariathasan reports.
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IP Asia
Be Ready for RMB Funds
by Joseph Mariathasan - it will not be long before foreign private equity firms can set up RMB funds with parallel onshore and offshore vehicles. Such a development would enable firms to attract both domestic and foreign capital.
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IP Asia
Modern Portfolio Theory – captivating the unwary
What cannot be measured easily is often not managed at all, even if it is much more important.
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IP Asia
Where next for the NPS?
The New Pension Scheme framework is a tremendous concept, but turning the concept into a successful solution to the problems of old age poverty in India is a task that requires a level of commitment, organisation and resources that are still yet to be deployed. The experience of the past ...
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IP Asia
Setting up of the New Pension Scheme
Given the drawbacks of the traditional provisions for pensions, India faced pressures for reform, which led a decade ago to two separate developments. The first of these was the OASIS report initiated by the Ministry of Social Justice in July 1998, written by a Committee chaired by Surendra A. Dave, ...
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IP Asia
The IIMPS “Micro-Pension” model
Adopting the NPS for the mass of unregulated workers in the informal sector requires the ability to set up systems that enable small amounts of cash to be remitted at irregular intervals over long periods of time. Much of the NPS framework has been set in place to provide this ...
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IP Asia
Strategies and incentives for expanding voluntary pension coverage
Recommendation of the OASIS report The financial needs of an individual across their lifetimes are inevitably complex, whatever their wealth. Poor people lead lives with unpredictable cashflows, requiring risk management and the solution of complex financial problems. “As a result, consumers need sophisticated financial products”, says Ajay Shah, a Senior ...
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IP Asia
Civil service pension reform
A major element of India’s future pension strategy is the adoption by central and state governments of the NPS framework as the basis for future public sector pensions. The Indian central government introduced the New Pension System (NPS) with effect from January 1, 2004. Under the new pension system, the ...
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IP Asia
Building India’s pension future - introduction
In this special report, IPA’s India correspondent Joseph Mariathasan explains the issues and talks to those involved in mapping out India’s pension future.
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IP Asia
The plumbing for the NPS – the Unique ID Authority
One of the most difficult aspects of establishing a pension scheme for hundreds of millions of the poorest segments of India’s society, is identifying who they are absolutely accurately over a period of a lifetime. Many of the potential participants in the NPS are illiterate, and there may even be ...
