Roshan Padamadan presented his in-depth investment thesis on Genworth (NYSE: GNW) at Best Ideas 2016.
Genworth is a unique insurance company that has exposure to life, medical, and property insurance. Genworth trades at a small fraction of its adjusted book value (1/5th). In the session, Roshan discusses holdco constraints and the denouement of a complex situation. Roshan argues that two simpler, lower-risk avenues are related to subsidiary exposures, with their own cyclicality
About the instructors:
Roshan Padamadan is Fund Manager of Luminance Global Fund, which has a global unconstrained investment strategy, looking at special situations and deep value. Prior to launching Luminance in 2013, Roshan spent more than seven years with the HSBC Group, including more than three years with HSBC Asset Management, as a Product Specialist. He worked for the highly commended Offshore Indian Equity team which ran US$5+ billion from Singapore, including a US$100+ million award-winning India hedge fund. Roshan has earned an MBA in Management from Indian Institute of Management, Ahmedabad. He holds the CFA, FRM and CAIA charters and speaks over five languages.
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