bearprowler6 Posted May 17, 2014 Share Posted May 17, 2014 Invest along side Fairfax in the new Fairfax India Fund: http://www.theglobeandmail.com/report-on-business/streetwise/fairfax-india-to-expand-after-bjp-election-victory/article18735019/#dashboard/follows/ Link to comment Share on other sites More sharing options...
Daytripper Posted May 17, 2014 Share Posted May 17, 2014 The article is only available to subscribers. Link to comment Share on other sites More sharing options...
Packer16 Posted May 17, 2014 Share Posted May 17, 2014 Try this: https://secure.globeadvisor.com/servlet/ArticleNews/story/gam/20140517/RBIBINDIAFUND0516ATL Packer Link to comment Share on other sites More sharing options...
Zorrofan Posted May 17, 2014 Share Posted May 17, 2014 thanks for posting! Prem continues to build a solid presence in India and one day it may become a "crown jewel " for FFH. India has a lot of potential and under Modi may one day give China a run for its money..... cheers Zorro Link to comment Share on other sites More sharing options...
txlaw Posted May 17, 2014 Share Posted May 17, 2014 Now this is something I've been waiting for. I've been following the Indian elections, and I do think this will be a transformational event for India. Would love to invest in India alongside FFH. Link to comment Share on other sites More sharing options...
Grenville Posted May 17, 2014 Share Posted May 17, 2014 Yes. I hope they set it up so we here in the US/CAD can directly invest. Link to comment Share on other sites More sharing options...
StubbleJumper Posted May 17, 2014 Share Posted May 17, 2014 So, they want this to be a $1b fund. With a 1% fee, that would net FFH$10m per year. That would be okay as long as it doesn't become a distraction from their core operations. Link to comment Share on other sites More sharing options...
Daytripper Posted May 17, 2014 Share Posted May 17, 2014 I think they would have to hire people to run and administer the fund. Link to comment Share on other sites More sharing options...
Guest longinvestor Posted May 25, 2014 Share Posted May 25, 2014 I find the swiftness of FFH's announcement, as the election results came out to be impulsive. Nothing is guaranteed when it comes to righting the Indian economy, it is a road full of boulders and potholes to work around. Heck, I thought it was just me (or folks like me) who invested impulsively. Link to comment Share on other sites More sharing options...
Investmentacct Posted May 25, 2014 Share Posted May 25, 2014 It seems in his last visits Prem might have visited Gujarat,india where Modi was State minister for 12 years before he ran national election and won by big margin. You would able to see marked difference between overall india vs gujarat. Rgds. Link to comment Share on other sites More sharing options...
Guest longinvestor Posted May 25, 2014 Share Posted May 25, 2014 It seems in his last visits Prem might have visited Gujarat,india where Modi was State minister for 12 years before he ran national election and won by big margin. You would able to see marked difference between overall india vs gujarat. Rgds. Very familiar with what's happened in Gujarat. The hope that Gujarat will be replicated across India is what this election was about. There is another read on Gujarat's success that goes back far longer than the 12 years Modi was CM. Capital has been shifting from other parts of India (Mumbai in particular) and from overseas Indians into Gujarat for twenty + years. Gujarat embodies entrepreneurship in a pointed way relative to the rest of India. Not to take anything away from Modi, he has created a model. I was not talking about India's elections, rather, the thread of impulsiveness shown of late by FFH (Prem). Greece, BBRY, the sale of JNJ, WFC, LVLT holdings (stated previously to be long term), issuing equity without explanation last year etc. This had been nagging me about FFH for the past few years and made me sell out after holding for 10 years. FFH will do all right, Prem is a good investor and has a great team and all that but I could not resist pointing out the impulse they show, just like this time as the election results were barely being announced. Or maybe he is just that darned good at predicting macro events that impulse is just what the doctor ordered. Assuming India's economic future under Modi is all but secure is as macro as it gets. Good luck to FFH holders. Link to comment Share on other sites More sharing options...
rohitc99 Posted May 25, 2014 Share Posted May 25, 2014 I would say this is not really macro, but a case of healing some self inflicted injury. It got extremely bad with the previous government. No clearances and a complete decision making paralysis. Even something close to normal level of action (by indian standards) would improve the situation. So if modi does even 30% of what he has promised, then the impact would be big. In addition, if you look at the track record of the previous BJP government (the party to which he belongs), it is quite good in terms of investment in infrastructure etc. The previous government has set such a low bar, that is close of impossible to go below that. Link to comment Share on other sites More sharing options...
petec Posted May 27, 2014 Share Posted May 27, 2014 I was not talking about India's elections, rather, the thread of impulsiveness shown of late by FFH (Prem). Greece, BBRY, the sale of JNJ, WFC, LVLT holdings (stated previously to be long term), issuing equity without explanation last year etc. This had been nagging me about FFH for the past few years and made me sell out after holding for 10 years. FFH will do all right, Prem is a good investor and has a great team and all that but I could not resist pointing out the impulse they show, just like this time as the election results were barely being announced. Or maybe he is just that darned good at predicting macro events that impulse is just what the doctor ordered. Assuming India's economic future under Modi is all but secure is as macro as it gets. Good luck to FFH holders. IMHO there is nothing impulsive at all about acting fast when something you know a lot about offers an opportunity. Prem obviously knows India backwards, with strong personal and professional links. What on earth is impulsive about announcing a fund to make investments there, when a reformist government has won a landslide? To me that shows great planning and preparation, combined with a willingness to act at key moments. The worst case is that India carries on as normal and a good value investor gets to hunting there; and the best case is that India reforms, providing a nice tailwind for that value investor. Link to comment Share on other sites More sharing options...
Tommm50 Posted May 28, 2014 Share Posted May 28, 2014 I agree with Petec, they are not using their own money but are immediately giving a big vote of confidence to the incoming administration. That can't hurt when they are dealing with regulators for the existing businesses in India. Link to comment Share on other sites More sharing options...
ourkid8 Posted May 28, 2014 Share Posted May 28, 2014 I would love for Fairfax to buy 100% of Chou funds and uses it as a platform for future Fairfax global funds. This works 2 folds, you bring a high caliber fund manager back in house in Francis Chou and have a solid platform to rollout globally. (They have Brazilian operations, why can't that be the next area?) Tks S Link to comment Share on other sites More sharing options...
Packer16 Posted November 11, 2014 Share Posted November 11, 2014 Has anyone heard any updates on this? Packer Link to comment Share on other sites More sharing options...
wisdom Posted November 11, 2014 Share Posted November 11, 2014 My guess is they need some new laws/reforms to be passed before this can be done the way they would like. Link to comment Share on other sites More sharing options...
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