BOI-Axa’s Credit Risk Fund was in the focus for all the wrong reasons. The recent fall in its net asset value after a credit event resulted in a 29 per cent loss on a one-year basis, placing the scheme at the bottom of the category. Many issuers are fighting the tight liquidity in the system. Despite the cuts in policy rates by the Reserve Bank of India and fall in benchmark bond yield, there is not much respite for debt investors. In this backdrop, Alok Singh, chief investment officer of BOI-Axa Asset Management Company shares his views on some of these issues.BOI Axa Credit Risk Fund’s NAV has declined 29 per cent over past one year and is at the bottom of the returns table. What went wrong and how do you plan to tide over the situation?Since its inception in February 2015, BOI Axa Credit Risk Fund has been managed like a focussed fund. Though the concentration of issuers meant high risk, it also allowed effective monitoring. The fund did well till August 2018. In … [Read more...] about ‘Taking credit risks in liquid funds not the right thing to do’: BoI AXA
Make the right call
In the past, police officers on neighborhood beats might be able to rattle off some names if you asked them who is most likely to be involved in a future shooting. But today in Chicago, this is now a computer’s job. advertisement advertisement Since 2013, computer software has crunched crime data to spit out what is known as Chicago’s “strategic subject list,” now a list of 1,500 people who are most likely to either be assailants or victims in a shooting. The Chicago Police Department’s goal is to have both police and social workers visit people on the list to try to prevent tragedies before they happen. This seems laudable on the surface, but it also raises many questions for civil rights, civil liberties, and technology policy groups, who issued a statement and report calling out the flaws with these kinds of “predictive policing” programs. Some programs, like Chicago’s pinpoint people, others are meant to target hotspot … [Read more...] about Civil Rights Groups Say Predictive Policing Isn’t Doing Much Predicting Or Policing
Pity Meghan Markle, Duchess of Sussex, who has risen to the throne of royal celebrity at a time when advocating on behalf of women’s health and safety is condemned by right-leaning publications as “risky territory.” advertisement advertisement Take, for example, a recent op-ed in the Wall Street Journal by former Journal editor-in-chief Gerard Baker, who derides Markle’s support for “causes” (his quotes). In the September issue of British Vogue, Markle, as guest-editor, showcased “15 women activists, almost all associated with left-leaning causes,” Baker writes. This framing would suggest that New Zealand’s democratically elected head of state, Jacinda Ardern, is a mere activist, and that her fight against terrorism after the Christchurch mosque shooting is “left-leaning.” Baker also believes that it is left-leaning to call out serial rapists, and left-leaning to save women from death in childbirth. … [Read more...] about Pity Meghan Markle: How our divided world is making any celebrity philanthropy political
“Dude, have you seen this?” Tim Robbins asks, whipping out his phone. advertisement advertisement I’m seated across from the inveterate actor and activist at a coffee table in the tony midtown hotel where he’s doing press for his latest film, Dark Waters. There’s a shadow of exhausted urgency on his face as he scrolls through his phone for a New York Times article from the day before. Dark Waters, a film about the ongoing legal battle to prevent DuPont Chemicals from poisoning its users. The Times article he mentions is about the Trump administration’s plans to limit the EPA’s scientific research in prescribing public health regulations. While the administration regularly touts the vaguely defined benefits of its “historic deregulation,” the new film drills deep into the deadly truth of what deregulation means for average citizens. “Basically, it’s more profit for some greedy sociopaths that are conveniently … [Read more...] about ‘Dark Waters’ is a crowd-pleasing thriller to make you care about companies poisoning our water
Over the last decade–and especially since the enshrinement of wellness in the Affordable Care Act–American workers have found themselves subjected in ever-increasing numbers to workplace wellness programs. While originally these programs were confined to large organizations, that market is now saturated. Consequently, the thousand or so wellness vendors in the marketplace are turning their sights on companies like yours. advertisement advertisement These vendors pay your company’s own benefits brokers (whom they ironically refer to as “trusted advisors”) to convince your human resources department that weighing you, lecturing you, and poking you with needles will save them money. Since almost no employee would actively request their company to do these things, employers use bribes and fines, now averaging $521 per program, to drive participation. Your instincts to steer clear of these programs–or do the minimum necessary to collect your … [Read more...] about Will Workplace Wellness Actually Make Workers Healthy?