About Company
Globe Capital
Globe is a leading financial services group committed to help clients achieve their goals. A wide range of services and a diversified client base is an outcome of Globe’s expertise in guiding clients through the financial markets. Globe has a large network of offices in India and overseas through a subsidiary in Dubai. They offer diverse services including Markets Intermediation, Portfolio Management Services (PMS), Securities Lending and Borrowing Services and International Broking, etc. Globe Capital Market accounts for a substantial share of NSE clearing volumes in the derivative segments. They are also acting as professional clearing members for a large number of broking entities in the country.
Fund Overview
Globe Arbitrage Strategy aims at investing in low risk strategies based on arbitrage opportunities.
It also aims at investing in various special situations in the market, based on corporate events and actions, which offer unique opportunities to earn an additional return without having to take on additional risk.
The strategy would make use of equity and derivatives to augment returns in a relatively lower risk manner and to hedge against abnormal markets movements.
Fund Management Process
1. Investor’s Profile
- Portfolio structuring based on investor’s risk profile and investment objectives
- Determining Risk Appetite
- Setting Return Expectation
- Investment Horizon
- Understanding Liquidity Requirements
2. Investment Process
- Idea Generation
- Idea Evaluation and Selection through back testing
- Arbitrage/Special Situations and other Market opportunity decisions are taken as and when the opportunity arise
- Idea Execution
- Active Monitoring and Risk Management
- Exit strategy
3. Reporting
- Monthly reports with Portfolio Statements and Valuations
- Regular interaction with clients with respect to account performance
- Annual Tax reports
- Meetings with fund managers to understand future outlook
Special Situation Investing
Special Situation aims at generating returns by exploiting market inefficiencies and other low risk opportunities by using various strategies such as Cash Future Arbitrage, Covered Calls/Puts, Pair Trading and tries to benefit from event arbitrage involving merger & acquisitions, Open Offers, takeover, de-listing and other special situations.
Focus is mainly on those companies transforming their capital structure, organization or taking place of an event as opposed to focus on operations.
Uncorrelated returns – tend to be less correlated to the market.
Less vulnerable to Interest Rates – Special situations often depend on an event that is between 6 months and 1 year i.e. relatively near term, thus not as vulnerable with Interest rate movements.
Investment Approach
Principle Protection
- Fixed Deposits
- Liquid Fund
- Other Debt Instruments
Sustainable Return Generation
- Cash – Future Arbitrage
- Merger – Demerger Arbitrage
- Dividend Arbitrage
- Buy and Hold – Equity
- Use of derivatives
Special Situations for Alpha Generation
- Buybacks
- Delisting
- Open Offer
- Offer For Sale
Open Offer
It is aimed at providing the shareholders an exit option, as there may be a management change post acquisition and investors may or may not like to continue with the change in management.
Example:
1. Open offer in Escorts Ltd. By Kubota Corp @ INR 2000/- from the Public shareholders whereas the market price was INR 1800/- ( So one could tender the shares @ 2000 in open offer and sell the rest in the market or can hedge with future also )
2. Open offer in Vedanta Ltd by Vedanta Plc @ INR 235/- when the market price was INR 225 /- and there was 100% acceptance ratio.
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Track how the fund has performed against its benchmark over time through a comparative line graph analysis.
Globe Arbitrage/Special Situation
Benchmark: BSE 500 TRI
Compare fund returns and benchmark performance across multiple investment periods using a visual bar graph.
Review and compare fund returns against benchmark performance across different investment periods in a detailed tabular format.
Globe Capital Market Ltd
| AUM(Cr.) | 1M | 3M | 6M | 1Y | 2Y | 3Y | 4Y | 5Y | Ince. | |
| Performance | ₹258.06 | -2.83 | 0.36 | 28.23 | 3.63 | 0.03 | 9.49 | 13.97 | 11.50 | 14.19 |
| Benchmark | NA | -5.57 | -3.59 | 8.07 | -2.33 | -3.93 | 9.20 | 11.21 | 8.90 | 9.08 |
Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Mr. Ashok Kumar Agarwal
Mr. Ashok Kumar Agarwal is the Executive Chairman, Founder, and Promoter of the company, bringing over 35 years of extensive experience across diverse areas of finance and business. A qualified Chartered Accountant and Fellow Member of the Institute of Chartered Accountants of India (ICAI), he has played a significant role in the development of India's capital markets. He holds the distinction of being the youngest-ever President of the Delhi Stock Exchange Association Ltd., serving in 1993, 1994, and 2000. In recognition of his contributions to the financial sector and business community, he was honored with the National Citizenship Award in 1993 by Mother Teresa. His leadership, vision, and deep industry expertise continue to drive the company's growth and success.
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