ALPHABOT
Amid turbulent times, even star PMS fund managers are losing money in stocks
While the headline index Nifty50 lost 3.03 per cent in May, the selloff was sharper in the broader market. Nifty Midcap 100 lost 5.33 per cent and Nifty Smallcap 100 slipped 10.2 per cent during the period.
Fund managers for the richie rich deliver up to 4 times their benchmark returns in July
Among the PMS strategies, minnows from the smallcap segment trounced their better known peers for another month, outlining that all that matters on Dalal Street is picking the right stocks at the right time.
PMS biggies flop again; small, midcap strategies steal the show
Data compiled by PMS Bazaar showed Rising Start Opportunity strategy of Valentis Advisors, which invests in up and coming smallcap and midcap stocks, emerged the top performer with a 9.08 per cent return.
Walmart unveils robot-run warehouse to whisk food to your car
The Alphabot, designed by a Massachusetts startup called Alert Innovation, could help Walmart build on that lead. Walmart began working with Alert in 2016, as part of a broader corporate initiative dubbed “Alpha” that sought to improve the profitability of online grocery.
