Business Case Studies, Leadership Case Study, Tata Group,Ratan Tata

Code :ENT0006

Year :2004

Industry :Banking, Insurance and Financial Services

Region : USA

Teaching Note:Not Available

Structured Assignment :Not Available

Abstract: Traditional security analysis and portfolio management literature proposes that the older you are the less risky your investments should be. But, Wilbur Ross a contrarian not only seemed to assume more risk as he aged but also produced better results. As a vulture fund advisor at Rothschild, he was involved in spectacular bankruptcies and turnarounds. At the age of 66 when his peers looked to retire, he started his own hedge fund and produced fantastic returns. At a time when the steel industry of US looked past its prime, he took up the challenge of reviving the industry. Though people called him 'man of steel’ or ‘king of bankruptcy’, he said he did what he was supposed to do. Among the hedge fund managers he used the less followed strategy of bringing companies back from bankruptcy. Not just the steel industry but also the future of textile and telecom seemed to be in the hands of this vulture fund manager