SBI Funds Management’s IPO is priced at a discount to listed asset management companies. Its valuation reflects a lower share of equity-oriented schemes compared to peers. Equity funds generate higher fee income and profitability for asset managers. Investors typically assign premium valuations to asset managers with a larger equity franchise. This preference may explain SBI Funds Management’s lower price-to-earnings multiple.
Goldman bans staff from participating in finance, politics prediction markets, source says
Goldman Sachs has prohibited staff from trading prediction market contracts. These contracts are linked to financial markets and political events. The policy aims to prevent