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Anna Kitex Group (also known as Kitex) is an Indian conglomerate founded by M. C. Jacob in 1968 and based in Kizhakkambalam, Ernakulam in Kerala. [ 2 ] The group initially made aluminum products such as kitchen utensils and cookware in the 1970s, and later ventured into producing spices, textiles, and bags. [ 3 ]
Sabu M. Jacob (born 11 May 1962) is an Indian businessman from Kerala.He is the managing director of Kitex Garments Limited. [1] He is the chief coordinator and mentor of Twenty20 Kizhakkambalam, a non-profit organization developed as a Total Responsibility Program to effectively contribute to the social and economic development of Kizhakkambalam Panchayath where the company operates the aim ...
Like other "long-short" mutual funds, the 130–30 funds have traditional "long" holdings of stocks but also sell other stocks "short" in a bet that prices will fall. In a short sale, investors sell borrowed shares with the hope of repurchasing them later at a lower price. 130–30 funds work by investing, say, $100 in a basket of stocks.