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Express News Service
The youthful bravado of Rishabh Pant, Mohammed Siraj and Washinton Sundar was nicely tempered and balanced by the experience and patience of Ajinkya Rahane, Cheteshwar Pujara and Ravichandran Ashwin during the Indian cricket team’s historic Test series win earlier this year. Therein lies the message that it is necessary to blend caution with aggression and respond appropriately based on the situation.
The same principle applies even while investing in mutual funds. I remember meeting a senior personnel of an international Asset Management Company (AMC) more than a decade ago. Over a leisurely lunch, he expressed his surprise at the relatively limited exposure Indian mutual fund investors had in hybrid mutual funds. I had opined that it was merely a matter of time before the transition would take place as the industry was evolving rapidly.
Domestic funds had reported a record outflow of Rs 71,680 crore on the three month rolling basis in December 2020 and improved consistently since then. Their gross buy-sales ratio was 105% in May, at par with long-term average.
AshBritt’s Randal Perkins and 111 South Ocean Boulevard in Delray Beach (Google Maps)
The founder of AshBritt Environmental, a national disaster response and environmental services contractor, bought an oceanfront mansion in Delray Beach for $21.1 million.
Records show Thomas and Michelle Marra, individually and as trustees of a land trust, sold the home at 1111 South Ocean Boulevard to 1111 Ocean LLC, a Delaware corporation managed by Randal Perkins. His entity borrowed $10.6 million from First Horizon Bank, records show.
Perkins is the founder and chairman of Deerfield Beach-based AshBritt Environmental, which he founded in 1992. AshBritt has been a contractor for the U.S. Army Corps of Engineers for 20 years, including handling the largest single contract for debris cleanup ever, in the aftermath of Hurricane Katrina, according to its website. The company is currently the corps of engineers’ prime contractor in 10 states.