Birla Mutual Fund, one of the better fund houses, which takes care to select stocks with low downside risk, has joined the bandwagon of launching international funds. Since Birla Mutual has no presence in the overseas markets, that part of the portfolio will be managed by its financial partner Sun Life. The prospectus does not mention how Sun Life will invest and what has been the performance...

They make a living from betting billions of dollars in markets across the world. Some of them become super-rich in the process, buying baseball and football teams, buying art and donating millions of dollars to charities of their choice. They are hedge fund managers. But do the headlines about a dozen immensely successful fund managers like Steve Cohen, Stephen Feinberg or Joseph Lewis...

Carborandum Universal has been on a long-term uptrend since Q1 2003 when the price was around Rs10-11. The stock had rallied tremendously until 27 January 2006 when it hit a high of Rs167.85. From that level, it declined to Rs116.65 on 21 July 2006. This was an important support area which had acted as a resistance level on 14 October 2005. The fall was also approximately a one-third...