![]() ![]() Over the same period, the MSCI World index gained 3.1% per annum with a standard deviation of 17.3%. And it is an approach that has borne considerable fruit: since the models began trading over 5 years ago, the US dollar class of the company’s offshore strategy has achieved annualised compound growth of 11.7%, with an annualised standard deviation of 13.6%. ![]() The company’s approach fuses Dr Wadhwani’s two chief passions – quantitative modelling and Keynesian economics. In 2003 he established Wadhwani Asset Management, a London-based asset management company that specialises in systematic macro investing. People were very passionate about what they did, and it’s then inevitable that people will disagree because they all believe that their own views are the correct ones.” “Those meetings used to get very fraught – it certainly wasn’t a tea party. However, he admits that this ‘multiplicity’ frequently led to conflict. “It was fascinating to see how people on the inside did their modelling and witness the multiplicity of models they used,” he says. Between 19, he was a full-time member of the Bank of England’s Monetary Policy Committee, where he gained exposure to a range of different approaches to modelling. Obviously, I was delighted.”ĭr Wadhwani has been involved in quantitative modelling for more than 25 years now, successfully combining academic research with practical application. GOODTIMES QMA FULLOne day they asked me if I would join them full time and soon after that I took up the position of director of global equity strategy. “But I started doing some research for Goldman, including creating quantitative models, and I found I rather enjoyed it. “Prior to that I thought I would remain an academic,” he says. This caught the attention of Gavyn Davies at Goldman Sachs, who offered Dr Wadhwani a position as a consultant. Influenced by the work of Nobel Prize-winning economist Franco Modigliani, who was exploring the same issue, he published some empirical work linking the low P/E ratios with inflation. I found it all quite puzzling,” he says.Ī few years later, Dr Wadhwani was a postgraduate student working on a thesis examining why P/E ratios were so low. “I remember watching the Hang Seng plummet, and being amazed by how it fell so far so quickly. He was already an avid follower of the markets by then, and recalls watching in awed fascination as the 1973-74 financial crisis struck. So I set up a stall here,” she said.Ī number of activities were organised for children at the event, including planting a Sidra seed in a recycled pot, creating imaginative animal costumes out of recycled materials, engaging in interactive storytelling and discovering what lies under the sea in a sensory water play activity.Īlso on view at the event venue were the artwork and poetry of winners of the Tasawory web competition.Dr Sushil Wadhwani was still a teenager when he experienced his first financial crisis. “Girls look at me wearing a doughnut pendant and ask ‘where can I get that?’. Leva Simkiene from Lithuania was offering a special price on her doughnut-shaped and “walnut” pendants on behalf of a company. Many of the women in the crowd thronged the jewellery stalls, where a wide variety of artificial and gold-plated collection was available. “More than making money, I’m here to spread awareness about meteorites and I’m glad people asked a lot of questions about them,” he said. People were quite intrigued with the meteorites, especially the ones he found in Qatar. Marcin Kozusznik, a Polish national, displayed his impressive collection of meteorites. Apart from Islamic verses, people usually like to take a copy of their names in this script,” he said. Earlier, I used to make these patterns using only a paper and ink, but now I do it with the help of Photoshop. ![]() He had an interesting collection of the Islamic verses in the Kufic script. Yemeni artist Fawaz al-Kumaim, who works at Awqaf, displayed a collection of his Kufic Islamic script art at another stall nearby. A lot of people have expressed their interest in my collection today and I’m quite happy with the response so far,” Nasr said. “I started art as a hobby, but now it’s my full-time profession. She had many intriguing art pieces in her collection that ranged between QR100 and QR300. One stall that stood out was that of Egyptian artist Eman Nasr, who was displaying her beautiful abstract artwork in a corner. ![]() People from all walks of life had a great time at the Museum of Islamic Art (MIA) Park yesterday, where the Qatar Museums Authority (QMA) had organised the Keep it Green Family Day.Ī large number of stalls showcasing unique products from the world over grabbed the attention of many families and tourists at the event. People having a good time at the Keep it Green Family Day event at MIA Park yesterday. ![]()
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