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Mala Gaonkar launches the biggest women-led hedge fund in history
- Mala Gaonkar's SurgoCap Partners began trading on Tuesday with $1.8 billion in assets. This was the the largest debut of a woman-led hedge fund in the industry’s history.
- According to sources, SurgoCap will invest using data science to improve financials, industrials, health care, and corporate data.
- The launch follows Divya Nettimi's Avala Global's debut in October, which began with more than $1 billion in committed cash.
- After establishing themselves at bigger businesses, the two women attracted significant capital. Gaonkar, 53, worked at Lone Pine Capital for 23 years, while Nettimi spent seven years at Viking Global Investors.
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Zerodha founder & CEO Nithin Kamath stops all work chats after 6 pm; here's why
- Zerodha CEO Nithin Kamath said keeping all devices aside one hour before sleep, stopping all work chats unless critical after 6 pm, & spending time doing what is most relaxing just before sleep has helped him the most with sleep.
- "As we get older, our health, not money, determines the quality of our lives," he wrote on LinkedIn.
- Good health also allows the young entrepreneur to recover quicker from unexpected events. He stated health goals should be about feeling well, not looking good.
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Minis
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56
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Ashneer Grover says he made Rs 2.25 cr within 8 minutes of Zomato IPO opening
- Ashneer Grover, a former BharatPe co-founder & managing director, revealed that he made a cool 2.25 crore from the Zomato IPO within 8 minutes of its opening in July last year.
- Grover stated in his memoir 'Doglapan' that he applied for shares worth ₹100 crore during Zomato's IPO, but he received an allotment of shares worth more than 3 crore.
- He said that he became a little greedy post the Zomato IPO. "I went in for the Car Trade IPO but ended up losing ₹25 lakh there," he added.
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Don't chill when business is struggling: Tencent CEO to staff
- Pony Ma, the billionaire co-founder of Tencent Holdings Ltd., went on a rant about lazy, oblivious, and even corrupt employees.
- "You can't even survive as a business, yet you're chilling on weekends, playing ball," Ma told his audience, according to those present.
- The Chinese billionaire also hinted at businesses getting cut if the employees did not perform well.
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