Hedge Funds case studies, worked step by step

Cases
100
Traced to a firm
31
Topics
13
Hard
30
Topic
All topicsCredit, distressed and capital structure7Earnings, models and KPIs8Event-driven and merger arbitrage7Fund economics, NAV and LP decisions8Global macro trades7Long pitches and valuation14Manager evaluation and attribution7Pairs and relative value5Portfolio construction and sizing7Risk limits and drawdowns7Short selling6Systematic research and data11Volatility, options and convertibles6
Level
AnyWarm upCoreHard
Source
AnyReported at a firmStandard
Showing 1–2 of 2 · filtered from 100Clear filters
  1. 025Ambrel General Insurance writes Rs 8,000 crore of premium at a combined ratio of 104%, holds invested assets of Rs 10,000 crore earning 7%, has Rs 4,000 crore of equity and a 25% tax rate. The stock trades at 2.5x book. What ROE does it earn, what does the price imply, and what would change your view?Long pitches and valuationHardLong-short equity fundsMulti-manager platforms
  2. 074Kalvora Cement has 20 mtpa of capacity at 70% utilisation, EBITDA of Rs 900 a tonne and an EV of Rs 9,000 crore. Management plans a 5 mtpa expansion costing Rs 6,000 crore. The stock looks cheap against replacement cost of Rs 1,200 crore per mtpa. Is it, and does the expansion create value?Long pitches and valuationHardLong-short equity fundsMulti-manager platforms

Company names and figures are illustrative.