Misuse of BCCI Funds by CWI? Michael Retaining Exposes ‘Leaked Audit Anecdote’

Misuse of BCCI Funds by CWI? Michael Retaining Exposes ‘Leaked Audit Anecdote’

Cricketnext Staff |May 19, 2020, 3:46 PM IST Former West Indies pacer Michael Holding has accused Cricket West Indies of taking questionable financial decisions, stopping just short of accusing them of money laundering.Reading content from a ‘confidential’ audit report of Pannell Kerr Foster (PKF) which he got access to, Holding raised several red flags in…

View More Misuse of BCCI Funds by CWI? Michael Retaining Exposes ‘Leaked Audit Anecdote’
Mutual funds compelled to promote much less liquid company bonds at excessive spreads

Mutual funds compelled to promote much less liquid company bonds at excessive spreads

Home > Mutual Funds > News > Mutual funds forced to sell less liquid corporate bonds at high spreads Investor redemptions from the credit risk funds have slowed in the past few days, but still total about ₹14,100 crore since April 27, 2 min read . Updated: 06 May 2020, 02:22 PM IST Rahul Satija…

View More Mutual funds compelled to promote much less liquid company bonds at excessive spreads
Oil fund’s forced sales ship WTI costs plunging again: Kemp

Oil fund’s forced sales ship WTI costs plunging again: Kemp

© Reuters. FILE PHOTO: FILE PHOTO: Pump jacks operate at sunset in Midland, Texas By John Kemp LONDON (Reuters) – Front-month U.S. futures prices slumped almost 25% yesterday, the second sharp tumble in a week, after the exchange operator ordered a major commodity fund to sell some of its near-dated futures contracts. United States Oil…

View More Oil fund’s forced sales ship WTI costs plunging again: Kemp
RBI and mutual funds, rather than banks, could aloof use lead in MF rescue realizing

RBI and mutual funds, rather than banks, could aloof use lead in MF rescue realizing

Home > Markets > Mark To Market > RBI and mutual funds, rather than banks, should take lead in MF rescue plan RBI (Mint) 3 min read . Updated: 28 Apr 2020, 02:09 PM IST Mobis Philipose If banks end up using the facility to borrow cheap and buy good paper, it doesn’t really help…

View More RBI and mutual funds, rather than banks, could aloof use lead in MF rescue realizing
Uncommon: Top funds write to govt for readability on China FDI rule

Uncommon: Top funds write to govt for readability on China FDI rule

India’s top private equity and venture capital funds – both foreign and domestic – are writing to the government seeking clarity on its decision to put FDI investments from China under approval, said three people directly aware of the matter, requesting anonymity as the talks are private.These funds are being represented by the industry body…

View More Uncommon: Top funds write to govt for readability on China FDI rule

Mutual funds high-tail to withhold lid on Franklin impact

Mutual funds (MFs) are worried that the collapse of six debt schemes of Franklin Templeton India will set off a redemptions crisis in the nation’s asset management industry.Asset managers are marking down bad investments and seeking bank loans, and a liquidity intervention from Reserve Bank of India (RBI) to contain the fallout of large redemptions.…

View More Mutual funds high-tail to withhold lid on Franklin impact

Mutual funds go to cling Franklin affect, to secret agent RBI’s intervention

To contain the impact of redemption related stress, mutual fund houses are marking down bad investments, seeking bank loans and a liquidity intervention from Reserve Bank of India’s (RBI) as the lender of last resort. Due to redemption pressure, Franklin Templeton Mutual Fund on Thursday announced that it will wind up six of its debt…

View More Mutual funds go to cling Franklin affect, to secret agent RBI’s intervention