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The Nikkei is demonstrating a classic chart pattern. Here's what that means

The initial upside target for the Nikkei 225 is the historical resistance level near 23,000, according to Daryl Guppy.




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This is a classic bear-market bounce: Cantor Fitzgerald's Peter Cecchini

Peter Cecchini, Cantor Fitzgerald global chief market strategist, joins "Closing Bell" to discuss markets.




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Next Generation: after five years, how has our first full class of picks fared?

From Rashford to Tielemans, we check in on how our initial Next Generation players have got on before the 2019 ones are announced this week

In 2014 we decided that it would be interesting to pick the best young players from each Premier League club – as well as 40 from around the world – and follow them for five years to see how they progressed.

The idea was to try to get a sense of how difficult it is to become a professional footballer despite being one of the best in that country at the age of 16 or 17.

Continue reading...




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Zola's wizardry, Giro d'Italia memories and an Ebdon farewell | Classic YouTube

This week’s roundup also features Monica Seles, the Windies and a bust-up between Souness and Dunphy

1) Gianfranco Zola at Chelsea. Zola at Napoli. And more of Zola in Serie A.

Gianfranco Zola making life difficult.

Our #OldSkoolSkillSkool feature on Chelsea TV is not to be missed... https://t.co/LSJmrcH0j2 pic.twitter.com/YbUgB1olE4

Continue reading...




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Preliminary Class 8 truck orders see lowest order levels in years

Preliminary North American Class 8 truck orders saw steep declines, driven on by the impact of COVID-19, or coronavirus, according to recent data issued respectively freight transportation consultancy FTR and ACT Research, a provider of data and analysis for trucks and other commercial vehicles.






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Teacher training: how do you prepare to teach a new class during lockdown?

An essential part of the recruitment process for any new teacher is meeting the pupils: but how do you do that under lockdown regulations?

If you are a teacher looking to move between schools during the coronavirus lockdown, how can you make the most of the online education experience with your new class? This is interesting new territory for many teachers. But there are thousands and thousands of teachers and pupils already learning remotely, in virtual schools – can they offer insights?

At a virtual school, lessons are delivered in line with each person’s personalised curriculum. Exactly as you would expect in a physical school space, pupils are taught how to interact with teachers, their peers and lesson content using whiteboard technology, quizzes, voice and video as well as receiving and sending assignment tasks. How should you introduce yourself to a new class, if you are meeting them online for the first time? If we consider how teachers deliver excellent classroom teaching practice in a physical space, how they prepare should not be approached any differently in an online environment.

Continue reading...



  • The ABCs of recruiting teachers remotely

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Classic Secrets

Originally Posted May 3rd, 2012    




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OMG! I’m caught up in one class!

Finally, I’ve waded through the entire backlog of grading for my genetics class, and have sent every student a personal email stating where they currently stand, what assignments are missing (I’m offering amnesty on all the homework), and what they can do to improve their grade this week — lab reports, for instance, can be […]



  • Miscellaneous and Meta

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Classic orb

A reader sent this in — I’m envious. I’ve been eyeing various likely sites for webs, haven’t seen any of the orb webs yet. I’m in the land of cobwebs and jumping spiders right now, and haven’t had much of an opportunity to get out and explore yet. Soon, though. I’ll be fetching my wife […]




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Classic: Success




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Al Hilal join the class as past alumni return




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CLASSICO FLASHBACK: Mexico top USA in 1999

Mexican legend Cuauhtémoc Blanco finally beat in-form American goalkeeper Kasey Keller in extra time as the old rivals met in the semi-finals of the FIFA Confederations Cup Mexico 1999. 




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#WorldCupAtHome: Raw Ronaldinho, Thuram masterclass and Lloyd’s treble




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Kids choir in Bandra to stage classic musicals

For Celeste Cordo, growing up in Bandra was a lot about figuring out the right harmonies and vocal arrangements in her choir. But, when the neighbourhood children's choir became defunct about a decade ago, Celeste, now 60, decided to start her own music education avenue with Gleehive, spearheaded by a children's choir. "She wanted to start her own choir for the neighbourhood kids to learn and appreciate music," says Dawn Cordo, her 30-year-old daughter. And they will be bringing some of the magic and sense of belonging that comes with being part of a choir to Mumbaikars at their annual concert, The Gleehive Buzz, tomorrow.

It's their teaching style that makes this concert a tad different from others. "Our classes are not academically driven and we don't have any certification. So, it's not just meant for people who can sing, but anyone who appreciates music," says Dawn, who completed her degree in music education from Berkley College of Music and decided to come back to start an education programme, besides singing backing vocals in studios and doing vocal arrangements for artistic projects.


Dawn Cordo

The evening will go on to show their growth from being just a choir, as there will also be small instrumental ensembles with students playing string and woodwind instruments. The kids, aged between five and 15, will show their dancing skills as well as play different characters on stage. "The music won't just be classical or jazz, but also include songs from musicals like The Ugly Duckling. The theme is markets from around the world because we wanted to show that life is like a marketplace where you meet people from varied cultures, you get things and you lose things, and even when there's a disagreement, we always approach one another with kindness and love," adds Dawn.

The performers also include kids with autism and ADHD, who, Dawn says, have only benefited from pursuing their musical interests. "Music is therapeutic. There's a student who communicates better because of the feeling of being included. It's also important for kids who aren't exposed to those with special needs to mingle with them," shares Dawn.

ON March 20, 7 pm to 8.30 pm
AT St Andrew's Auditorium, St Dominic Road, Bandra West 
CALL 26410926 (for passes)

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Mumbai's married middle class loves getting groceries online

Busy Mumbaikars who cannot stop at the local vegetable vendor have found increasing comfort in stocking up their groceries from online portals offering attractive discounts and home delivery, a recent study has found.

The study, titled, Assessing the Impact of Online Grocery Shopping in Mumbai found that middle class citizens spent the highest amount of time shopping online due to time constraints.


The study found that people between the age group of 35-45, primarily married couples, are regular user of online grocery shopping portals. Representation pic/Getty Images

The survey, conducted among 117 respondents in Mumbai, found that people between the age group of 35-45 are regular user of online grocery shopping portals like Amazon Pantry, Grofers, Nature's Basket, Big Basket and others.

Married couples are more regular on the sites as well, due to their nature of their jobs. It also observed that websites combining offers or discounts on products along with home delivery services were the main attraction for customers.


Pick-up points to collect groceries ordered online, like this one by D-Mart in Bandra east, have also proved to be a hit. Pic/Pradeep Dhivar

Dr Rupali Rajesh, associate professor at the Vivekanand Education Society Institute of Management Studies and Research, who published the paper, said accessibility and discounts offered are the main attractions for buyers.

"Mumbai is considered as one of the busiest cities where people have to commute for hours. It becomes really hectic for people to go for grocery shopping, which is why the demand for online grocery shopping is growing. I found out through my study that discounts and saving time were the two biggest parameters for deciding the mood of the buyers," Dr Rajesh said.


Dr Rupali Rajesh

"Our data shows that as many as 41.9 per cent of the surveyed people who regularly use online grocery portals are in the age group of 35-45 years. This is followed by the age group in 25-35, who have a daily usage rate of 31.6 per cent. While interviewing respondents, it was observed that 68 per cent of the users who fall into these two age categories were married. They have to handle office work along with domestic activities, which hardly laves them with enough time to go to the markets," added Dr Rajesh.

The study also revealed that citizens earning in the range of R1 lakh to 5 lakh annually did the highest amount of online grocery shopping, mainly due to discounts provided there. Most of these sites provide discounts on groceries, with several offering the highest discounts on weekends. It also pointed out that the possibility of replacing products, wide variety and availability also proved to be a factor for online shopping.

41.9% People in the age group of 35-45 who shop for groceries online

31.6% People in the age group of 25-35 who shop for groceries online

68% Married couples in the two age groups who shop online

Rs 1 lakh -Rs 5 lakh Income range of middle class online shoppers

(The survey was conducted among 117 participants)

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HRD: Prepared to conduct pending class 10, 12 board exams at first possibility, evaluation to begin

The HRD Ministry is prepared to conduct the pending board examinations for classes 10 and 12 for 29 crucial subjects at the first possibility, officials said. The ministry has also directed states to start the evaluation process for the exams already conducted and facilitate the Central Board of Secondary Education (CBSE) in evaluation of answer sheets. "We are prepared to conduct board exams for class 10 and 12 pending due to lockdown in wake of the COVID-19 situation in the country. The exams will be conducted for 29 subjects crucial for promotion and admissions to undergraduate courses, at the first possibility. The students will be given at least 10-days notice before exams are conducted," a senior ministry official said.

"States have been asked to start the evaluation process for the exams already conducted and have been advised to facilitate evaluation of answer sheets. CBSE will also issue instructions for marking or assessment of non-important subjects not included in the list of 29 subjects," the official said. HRD Minister Ramesh Pokhriyal 'Nishank' had on Tuesday interacted with education ministers of states. Delhi Deputy Chief Minister Manish Sisodia had suggested that students be marked on basis of internal assessment as it is not feasible to conduct the pending exams now.

Sisodia, who is also the education minister, said students of Delhi will be more effected due to delay in conduct of exams as different states have their own boards, while the national capital only follows CBSE. Education ministers from different states also put forward deliberations being made about their respective state boards.
The Bihar board has already announced results for three streams of class 12 and is in the process of evaluation of class 12 exams. The Uttar Pradesh board is yet to begin the evaluation and will take a call in this regard soon.

¿Recently there has been lot of speculation regarding CBSE board exams. It is reiterated that board's decision to take board exams for 29 subjects of class 10, 12 stands the same as announced earlier,¿ the CBSE clarified in a tweet on Wednesday. According to the HRD ministry officials, as of now there are plans to conduct competitive exams including JEE and NEET in June for admission to engineering and medical colleges.

For other undergraduate admissions, the University Grants Commission (UGC) is working on an alternative calendar for the new academic session which will notify the timeline within a week. A seven-member panel set up to study the issue has recommended that the undergraduate admission process be started in July-August and the new session for freshers be started from September. However, no final decision has been taken in this regard yet.

The CBSE has already announced that it will not be conducting any exams for students in foreign countries. Universities and schools across the country have been closed since March 16 when the Centre announced a countrywide classroom shutdown as one of the measures to contain the COVID-19 outbreak.

Later, a nationwide lockdown was announced on March 24, which has now been extended till May 3.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Ayushmann Khurrana is back to the classroom with an online course on Indian history

Ayushmann Khurrana has enrolled himself for an online course on Indian history. The actor-singer considers learning a life-long process. "I'm a seeker of knowledge," he says. Being a history buff, he decided to make the most of the current time on hand.

"We have a fascinating history; it's rich and diverse. I want to learn more about our past. The session will be an enriching and fulfilling experience," he adds. It will also come in handy if Khurrana is roped in for a historical in the future.

Recently, Ayushmann, accompanied by Virat Kohli, Kriti Sanon and Sara Ali Khan joined hands for a new initiative called 'Mat Kar Forward'. Sharing the same on Instagram, Ayushmann wrote, "No one thought they'd catch it, no one thought it would become a pandemic. But we can change this and the change begins with you. #MatKarForward @indiatiktok"

 
 
 
View this post on Instagram

A post shared by Ayushmann Khurrana (@ayushmannk) onMay 4, 2020 at 1:25am PDT

The initiative urges people to not share any unverified message, picture or video, on any social networking sites.

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Mahira Sharma and Paras Chhabra give a classic twist to Bole Chudiyan; hope Kareena is watching!

Bigg Boss 13 has to be the most popular, memorable, and explosive season of all time. Love stories were born and so were stars. Two of them were Paras Chhabra and Mahira Sharma, and fans have combined their names to Pahira. And for all the Pahira fans, here's something fun. The duo shared a rather unique video where they both could be seen grooving to the Bole Chudiyan song and the actress reminded us of Kareena Kapoor Khan.

Taking to her Instagram account, this is what she wrote, "This is for you all #pahira fans." (sic) Well, this is truly a fantastic gift for all their fans, a fun-filled video that they can watch on loop. And Kareena would be happy after seeing this too.

Have a look right here:

 
 
 
View this post on Instagram

This is for you all #pahira fans❤ï¸Â @parasvchhabrra #pahiraourpride

A post shared by Mahira Sharma (mau) 💎 (@officialmahirasharma) onMay 3, 2020 at 3:45pm PDT

Dancing is a part of her soul and makes her happy. This was confirmed by this caption on her next Instagram post. Have a look right here:

 
 
 
View this post on Instagram

dancing part of my Soul, makes me Happy ♥ï¸Â

A post shared by Mahira Sharma (mau) 💎 (@officialmahirasharma) onMay 5, 2020 at 5:32am PDT

The lockdown is going to take a while to end, so all we have is their videos to enjoy and cherish! When is the next one coming?

Catch up on all the latest entertainment news and gossip here. Also, download the new mid-day Android and iOS apps.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news




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Coronavirus: Plea in HC seeks to restrain Delhi govt from classifying cases as Tablighi

A plea has been moved in the Delhi High Court seeking to restrain Chief Minister Arvind Kejriwal and his administration from classifying some COVID-19 cases as "Tablighi Jamaat" or "Masjid Markaz", alleging it amounts to religious profiling. In Delhi, coronavirus has infected around 1,640 and claimed 38 lives. The petition by a lawyer on Thursday alleged that after the Tablighi event, Kejriwal via his tweets "deliberately" classified several affected cases under a separate caption -- "Masjid Markaz".

The petitioner, advocate M M Kashyap, claimed that such reporting of the coronavirus cases has led to "communal antagonism" and perpetrating of hatred against a specific religious community. It contended that when the atmosphere was already tense and sensitive in Delhi, post the riots in north east parts of the national capital, such reporting of COVID-19 cases would only deteriorate the situation.

The plea, filed through advocates Fozia Rahman and M Qayam-ud-din, said that it was the need of the hour that the nation is united in the fight against coronavirus and giving communal angle to the cases would hamper the same. The petition, likely to be heard on April 20, contends that communal reporting of the Tablighi Jamaat incident needs to be stopped immediately and any delay in doing so would promote ill-will, enmity and hatred towards Muslim community.

It also contended that Kejriwal has violated the advisory or guidelines issued by the World Health Organisation (WHO) which has strictly advised to refrain from religious profiling of coronavirus cases. The petition seeks directions to Kejriwal and Delhi government to prohibit and stop dissemination of coronavirus infection data allegedly on the basis of religious or communal classification.

Catch up on all the latest Crime, National, International and Hatke news here. Also download the new mid-day Android and iOS apps to get latest updates.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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So long, Chuni! Legendary footballer Goswami was also a first-class cricketer

A little over a month after PK Banerjee's death, Indian football has lost another legend. On Thursday, Chuni Goswami, 82, who captained the 1962 Asian Games gold-winning team and also played first-class cricket, died here, survived by wife Basanti and son Sudipto.

"He suffered a cardiac arrest and died in hospital at around 5pm," a family source told PTI.

Goswami reportedly had blood sugar, prostrate and nerve-related issues.

Subimal 'Chuni' Goswami was born in the Kishoreganj district of undivided Bengal, now Bangladesh. The star striker figured in 50 international games from 1956 to 1964. He was part of the Indian team for the 1960 Olympics in Rome. His crowning moment came when he led India to an Asian Games gold medal in 1962 in Jakarta, two years before being part of the silver-winning team at the Asia Cup in Israel.

On the cricket turf, he represented Bengal in 46 first-class games between 1962 and 1973. He was conferred the Arjuna Award in 1963 and Padma Shri in 1983. The Indian Postal Department issued a commemorative stamp on his 82nd birthday in January to recognise his contribution to the game in the country.

A section of Mumbai cricket followers will remember Goswami's 96 (13x4) and 84 (10x4) against Ajit Wadekar's team in the 1968-69 Ranji Trophy final at the Brabourne Stadium where Mumbai claimed honours. "Chuni was more than a decent batsman, who had a good defensive approach. He was a fielder whom batsmen had to watch carefully. Being a footballer, he was agile and was exceptional at cover point and extra cover," recalled former Mumbai captain Sudhir Naik. Dilip Doshi, the ex-Test spinner, who played alongside Goswami for Bengal, also recalled those two innings at Brabourne. "Chuni da stood up to the occasion and played two sterling knocks. His will to fight it out was infectious and as a footballer and India's captain as well, we learnt the fitness attitude from him as youngsters. He had a great sense of humour which he timely applied to release tension in the dressing room," remarked Doshi.


Chinu Goswami

Former India captain Gundappa Viswanath, who like Goswami, was employed by the State Bank of India, rued the fact that they did not play together because of his (Viswanath's) international commitments. "Unfortunately, that opportunity never came because it would have been a pleasure to rub shoulders with such a versatile sportsperson, known also for his football talent. I will miss our dinner parties which he always planned as soon as I landed in Kolkata. Another regret is not attending his 80th birthday celebrations as I was ill at that time" Viswanath told mid-day from Bangalore.

Tweet talk

Praful Patel @praful_patel:

Another legendary Indian Footballer and a fine first class cricketer has left us today. Rest in eternal peace Shri. Chuni Goswami. My heartfelt condolences to his bereaved family.#ChuniGoswami #RIPLegend #IndianFootball @IndianFootball

President of India (Kovind)@rashtrapatibhvn:

Sad to hear about the passing of Chuni Goswami. In his demise India’s football fans have lost a legend. A versatile sportsman, he was a star in his own right. My heartfelt condolences to his family, friends and admirers

BCCI @BCCI:

BCCI mourns the death of Subimal ‘Chuni’ Goswami, an all-rounder in the truest sense. He captained the Indian national football team & led to them to gold in the 1962 Asian Games. He later played first-class cricket for Bengal & guided them to the final of Ranji Trophy in 1971-72

Sunil Chhetri @Chetrisunil11:

We’ve lost one of the leading lights of Indian sport today. Not too many can boast of being top-notch in two different sports. You played your part to the fullest, rest well, Chuni sir. Strength to
the family

With inputs from PTI, Clayton Murzello and Debasish Datta

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Why Tactically Invest Across Asset Classes amidst COVID-19 with Quantum Multi-Asset Fund Of Funds

Posted by Equitymaster
      

Coronavirus or Covid-19 is showing no signs of receding. On the contrary, the number of cases is increasing by the day and the situation is rather depressing, as almost every region of the world and country is infected.

Sadly, there is no antidote or a vaccine conclusively developed to fight this deadly pathogen yet. And according to the World Health Organisation (WHO), Coronavirus will be with us for a long time. Most cases are still in the early phase of the epidemic and some countries which were affected early in the pandemic, are now seeing a resurgence in the number of cases, said the WHO Chief.

COVID-19 is truly playing havoc and may be followed with a financial crisis owing to the lockdowns imposed to contain the spread. The risk of global recession undeniably looms large. "This crisis is like no other", as what the International Monetary Fund's (IMF), Chief Economist, Ms Gita Gopinath wrote in the foreword to the World Economic Outlook, April 2020.

Graph 1: The virus has spread even to Indian equities

The graph above depicts the S&P BSE Sensex falling off the cliff and investors' wealth being eroded. Since the all-time high of the S&P BSE Sensex (42,273.87 points made on January 20, 2020), we have fallen more than -25% and overall sentiments seem downbeat and volatility has heightened.

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On a year-to-date basis, Indian equity is down nearly -23.2% (as of April 27, 2020), while gold -- with uncertainty looming around the world -- has exhibited its sheen and demonstrated its trait of safe haven and an effective portfolio diversifier, clocking nearly +5.0% absolute return as of April 27, 2020.

Graph 2: YTD Performance of key asset classes
Data as of April 27, 2020
After the imposition of lockdown to fight COVID-19, the spot market prices were not updated.
*Category average returns of Liquid Funds considered
(Source: bseindia.com, MCX Gold, PersonalFN Research)

The graph above validates the importance of tactical asset allocation. The key lesson here is: all asset classes will not necessarily move in the same direction (up or down) always - over the long-term; some may even move in the opposite direction as what we have seen in the recent past (in the case of equities and gold).

As we (the world) continue to fighting COVID-19 and the aftereffects of it are conceivable, a further correction cannot be ruled out and the bottom is unknown. COVID-19 is likely to impact corporate earnings amidst a time when India is already facing slowdown blues. As people are quarantined, demand would remain muted and inflation risk will begin to surface, particularly in food prices.

So, although the current levels offer a decent value-buying opportunity, skewing your portfolio completely to equity as an asset class could endanger wealth creation. In such times you, as an investor, need to follow tactical asset allocation while you aim to generate wealth.

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Tactical Asset Allocation with Quantum Multi Asset Fund of Funds

To invest sensibly in the current times, you need a Multi-Asset Fund that invests in mainly three asset classes: equity, debt and gold; and is truly balanced.

Among the plethora of Multi-Asset Funds, the Quantum Multi Asset Fund of Funds (QMAFOF) incepted on July 11, 2012, is truly balanced and holds well-diversified portfolio (across the three key asset classes: equity, debt and gold) at all the times -- unlikely many of its peers who swayed by the excess exuberance in equities, lost sense, and eroded investors wealth.

Table 1: Asset Allocation of Quantum Multi Asset Fund of Funds
Instruments Indicative allocations (% of Total Assets) Risk Profile
Minimum Maximum High/Medium/Low
Units of Equity Schemes 25% 65% Medium to High
Units of Debt / Money Market Schemes 25% 65% Low to Medium
Units of Gold Scheme 10% 20% Medium
Money Market instruments, Short-term Corporate debt securities, CBLO, Repo / Reverse Repo in government securities and treasury bills only 0% 5% Low
(Source: Scheme Information Document)

The Scheme predominantly invests in the units of Equity, Debt / Money Markets and Gold schemes of Quantum Mutual Fund. Currently, the following schemes are used to gain exposure to a particular asset class:

For equity - Quantum Long Term Equity Value Fund, Quantum Nifty ETF

For debt & money market instruments - Quantum Liquid Fund, Quantum Dynamic Bond Fund

For Gold - Quantum Gold Fund (ETF)

The Units of any other Equity and Debt / Money Markets scheme launched by Quantum Mutual Fund from time to time would be eligible to be part of the above asset allocation components.

Although QMAFOF aims to invest predominantly only in the schemes launched by Quantum Mutual Fund, QMAFOF may seek to invest in the units of similar schemes of other mutual fund houses in case of any investment and regulatory constraints that arise that prevent the Scheme from increasing investments in the schemes of Quantum Mutual Fund.

The investment objective of Quantum Multi Asset Fund of Funds is, "to generate modest capital appreciation while trying to reduce risk (by diversifying risks across asset classes) from a combined portfolio of equity, debt/money markets and gold schemes of Quantum Mutual Fund"

QMAFOF benchmarks it against the Crisil Composite Bond Fund Index (40%) + S&P BSE Sensex Total Return Index (40%) + Domestic price of Gold (20%).

Being a fund of fund, this benchmark is most suitable to compare QMAFOF's performance. The unique combination clubs together the relatively risky assets with other stable asset classes in the portfolio.

Backed by an astute investment strategy, taking the relative valuations between asset classes into consideration such as Price-to-Earnings relative to historical averages; the relationship between earning yield to bond yield relative to historical averages; and macroeconomic factors prevailing globally and within India, the two fund managers of QMAFOF, namely Mr Chirag Mehta (MMS - Finance, M.Com, and CAIA with over 13 years' experience in research and investments) and Mr Nilesh Shetty (B.Com, MMS -Finance, and CFA with collectively 16 years in equity markets), have generated respectable returns for investors.

Table 2: Report card of QMAFOF versus some of its peers
Scheme Name AuM (Cr) Returns since Shri Narendra Modi first took oath as Prime Minister of India on May 26, 2014 Returns since the all-time high of the S&P BSE Sensex (From Jan 20, 2020 to April 27, 2020)
Absolute Returns Annualized Returns Absolute Returns
SBI Multi Asset Allocation Fund 220.63 65.50% 8.90% -4.60%
ICICI Prudential Multi-Asset Fund 9022.56 50.50% 7.20% -18.90%
Quantum Multi Asset Fund of Funds 16.23 49.70% 7.10% -4.40%
Axis Triple Advantage Fund 258.6 46.90% 6.70% -14.30%
HDFC Multi-Asset Fund 198.05 36.10% 5.30% -14.00%
UTI Multi Asset Fund 564.1 28.40% 4.30% -12.00%
Data as of April 27, 2020
Direct Plan considered and the peer list is not exhaustive
(Source: moneycontrol.com)

Even as the equity market is panting for breath attributable to COVID-19 and volatility has intensified, QMAFOF due to its sensible asset allocation to equity, debt and gold through its underlying portfolio, has fared relatively better than some of the peers.

ICICI Prudential Multi-Asset Fund, Axis Triple Advantage Fund, HDFC Multi-Asset Fund, and UTI Multi-Asset Fund, on the other hand, have all eroded investors wealth posting double-digit negative returns (see Table 2) in this downturn. Some of these schemes have fared well during upswings by keeping to the allocation to equities high, but on the downside, they have not managed the risk very sensibly. Investors, as a result, have experienced a roller-coaster ride in the journey of wealth creation.

A multi-asset fund, ideally, is expected to be truly balanced and sensibly allocate its assets whereby the downside risk of one asset class is compensated by the positive returns of the other asset classes.

Here are five good reasons to invest in Quantum Multi Asset Fund of Funds

  1. You gain from a diversified portfolio across asset class which, in turn, reduces risk and optimizes returns.
  2. You do not have to worry about portfolio rebalancing; the fund manager will astutely do it for you at regular intervals in the endeavour to achieve the set-out investment objective of the fund.
  3. Portfolio tracking will be easy for you instead of tracking 10 different schemes
  4. You will benefit from the lowest expense ratio in the category
  5. And above all, Quantum Mutual Fund's strong research capabilities across various asset markets - equity, debt and gold, -- with robust investment processes & systems followed at the fund house.

Suitability of Quantum Multi Asset Fund of Funds

QMAFOF is a perfect fund for investors looking to tactically diversify the portfolio with a single fund across equity, debt and gold, plus leave the aspect of rebalancing to the discretion and expertise of the fund manager.

Furthermore, the fund is appropriate for investors seeking long term capital appreciation, who have a moderately high-risk appetite, and an investment time horizon of 3 to 5 years.

It is the best time to invest in the Quantum Multi Asset Fund of Funds. Valuation-wise, Indian equities look attractive and there appears to be a decent margin of safety (with a high return potential if the equity markets ascend).

Similarly, given the uncertainty surrounding the world, gold is expected to display its lustre. The economic uncertainty surrounded by the COVID-19, GDP growth rates being revised downwards, easy monetary policy action and stance followed by central bank across the world, geopolitical tensions, trade tension, and increased stock market volatility are likely to keep spotlights on gold.

Likewise, with credit risk getting amplified, it makes sense to have exposure to a pure Liquid Fund (that does not take exposure to Commercial Papers issued by private entities). Now that policy rates are already lowered by RBI to address growth concerns, it does not make much sense to take exposure to the longer end of the yield curve; it could prove less rewarding and risky (may encounter high volatility) in the foreseeable future. Deploying your hard-earned money is short-end of the maturity curve, would be far better.

By investing in Quantum Multi Asset Fund of Funds, you will be able to balance the risk better with a sensible investment strategy in place.

Just as an excess drug dosage cannot treat COVID-19, your investment portfolio, too, needs just a fair amount of diversification to clock optimal risk-adjusted returns in the journey of wealth creation.

Go ahead and consider investing in Quantum Multi Asset Fund of Funds.

Happy Investing!

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.



PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.




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3 musicians to wear jeans and tees at Hindustani classical music concert


Ojas Adhiya, Nandini Shankar and Abhishek Borkar are poised to strike a chord with young urban listeners in Mumbai

For most youngsters, unfamiliar with Hindustani classical music, 'serious', 'formal' and 'boring' are popular adjectives used to define the genre. For as long as we can remember, Hindustani classical, that has given the world several legends, has been performed in sprawling auditoriums — there's not just discipline in the music, but in the attire and in environment as a whole. How would it be then, to see classical being performed in casuals? Turns out, that's not an outrageous thought anymore. First Edition Arts, a Mumbai-based performing arts company is poised to topple status quo with the sole aim of gathering more young, urban listeners. Under a musical series called Come Together, three young Hindustani classical musicians, will slip into casuals and perform for an audience gathered at Cafe Zoe. Starting June 10, this will be a regular series, one in every quarter. While the setting is all-new, the music won't take the fusion route. The first series will feature Abhishek Borkar on the sarod, Nandini Shankar on the violin and Ojas Adhiya on the tabla. The trio will present an instrumental concert in both solo and duet sets.

Catch them young
"When younger musicians try to strike a rapport with young listeners they take the fusion route. We are saying, you don't have to. This music is so exciting on its own, that the young can be hooked," says Devina Dutt, director, First Edition Arts. Six months ago, they had organised something similar at antiSOCIAL at Khar as an experiment, and they were sold out. "We weren't sure of what to expect. But it was a success." That gave them the impetus to take the idea on a larger scale. "The first two sets will be the sarod and tabla. In the third set, Abhishek will invite Nandini to jam with them on stage. The concert will span a little over an hour — not the standard two-and-a-half-hour performance. Young people haven't even heard classical music and they have discarded it. All we are trying to do, is give them a sense of how exciting and rigorous it is. But, in a short dose," Dutt says.


Abhishek Borkar

The protocols will be relaxed too. The bar will be open before and after the concert, and for 20 minutes during the interval. Food and drink services will be terminated during the performance, but, once served, guests can continue with their meal at their tables. "There was no sense in locating it in a space like this and sticking to the rigidity. But, at the same time the character of the music does require attention, it's not the kind that you can hear in the background," she adds.

Break the rules
Ever since the posters of the concert went out, a lot of Shankar's friends and followers on social media have shown interest. The posters, with their vibrant colours and friendly fonts, could well be mistaken for one for a standup gig. "Any new genre is an acquired taste. Over the last couple of years, I have noticed an increase in my young audience. Young listeners are always looking for something new and because most of them have not heard classical music, it is novel to them. If they are exposed to it, they will enjoy it," says the eighth generation violinist. The set-up, she believes, needs to change because "it is important that it appeals to you at first go. That's why the colourful posters. We need to speak the language they understand," adds the 25-year-old. After the concert, the audience can interact with the artists as well. "The milieu becomes more relatable, it's like hanging out with friends. That becomes easier when the age groups are similar. We want to connect on a personal level. In fact, that's the bit I am really looking forward to," adds Shankar.


Nandini Shankar

Tabla ace Adhiya would love to do a Q & A with the audience as well. "That way we can reach out to them and explain what classical music is all about. If they know a few things, they can enjoy it more. And it will all be done in an informal manner," says the 30-year-old who made it to the Limca Book of World Records as the youngest tabla player at the age of 4. Borkar points out that traditionally, Hindustani classical has always been somewhat "intimidating".

"It can appear too proper, rigid and posh, with its sherwanis and bandhgalas. Sometimes I feel even the artists themselves enjoy this air of exclusivity that further distances them from the audience," says the 25-year-old sarod player, adding that he was thrilled about the prospect of performing in casuals. "That's what I wear when I practice or record in a studio. So, why not at a concert? We are even thinking of getting some people to sit on stage if possible," he adds.

Distraction not a concern
The trio believes that the music will be enough to keep people from getting distracted. "It's a new thing for them too, to experience this kind of music in the given setup. And if someone is quietly eating and drinking at their table, that should not bother me. In the olden days, there would be baithaks in people's homes, where classical concerts would be performed. It's the same concept," Adhiya says. Spontaneity will be the key on D-day; the artists will reach the venue, gauge the crowd and accordingly choose the raagas. Borkar says, "I love getting people interested in an instrument they have not seen or heard before. The idea is that if they don't come to our concerts, why don't we go where they hang out? And just because it's unusual that doesn't mean it's wrong."

Catch up on all the latest Mumbai news, crime news, current affairs, and also a complete guide on Mumbai from food to things to do and events across the city here. Also download the new mid-day Android and iOS apps to get latest updates





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Brian Lara is sheer class, I never bowled to him with any confidence: Shahid Afridi

Former Pakistan all-rounder Shahid Afridi has described Brian Lara as "sheer class", saying he never felt confident whenever he bowled to the West Indies legend. Afridi and Lara locked horns only twice in Test cricket but the former Pakistan skipper said the left-handed batting great had quite an "effect" on him.

"I got him out a few times but whenever I was bowling to him I always had the feeling in the back of my mind that he is going to hit me for four the next ball. He had an effect on me. I never bowled with any confidence to him," Afridi was quoted as saying by Wisden.

The 40-year-old Afridi, who snapped 395 and 48 wickets in 398 ODIs and 27 Tests, lavished praise on Lara, saying he had a brilliant footwork. "He was a world-class batsman who dominated the best spinners he came up against, even the likes of Muttiah Muralitharan in Sri Lanka," said Afridi. "His footwork against spinners was brilliant and the way he batted against such bowlers was a wonderful sight. He was sheer class."

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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Ravi Shastri: Class of 1985 would trouble Virat Kohli's limited overs side

Ravi Shastri is convinced that the class of India's 1985 team, of which he was a vital cog, was such it could trouble even the current team led by Virat Kohli. Shastri was the key man back in 1985 when the team under Sunil Gavaskar won the World Championship of Cricket. He was hero of India's triumph in Australia and had won the famous Audi car for being 'player of the tournament'. He is still influential in India's cricket set up, sitting in head coach chair, having played a significant role in team's ascendancy in world cricket across formats.

"No question about that. They (team of 85) will give any team that India puts up in white ball cricket, a run for their money. That team of 85 will give this team a run for money," Shastri said during 'Sony Ten Pit Stop' show on channel's FB page. Shastri also has a firm belief that that the team of 1985 was qualitatively better than the side that won the 1983 World Cup because it was a perfect blend of youth and experience. "I go one step ahead and say the team of 1985 was a stronger team compared to 1983.

"You know, I was part of both teams, I played in the 1983 World Cup and 1985, when you look man to man, 80 per cent of that 83 team was still there, but then some of the youngsters that you got in there like a Sivaramakrishnan, Sadanand Vishwanath, Azharuddin, those kind of guys came in to add to the experience you already had of 83 (and it) was fantastic." Shastri said that winning Test series in Australia in 2018-19 for the first time in 71 years was special but when it came to white ball cricket, 85 was special.

"It is great to be part of those two teams, as a coach that series in Australia, is going to be very very special and hard to beat, because that team wasn't beaten in 71 years by any Asian team. "There have been plenty who have gone there, tried their best and everyone knows how tough it is to beat Australia in Australia in Test match cricket, but in white ball cricket you can't beat 1985 as a player. To win both is fantastic."

Shastri then shared a hilarious anecdote about a team meeting before the final against Pakistan. Shastri imitated what Kapil Dev said in his typical English. "Kapil said, 'if I win car, I keep 25 percent (by selling) and rest share. Jimmy came and (said) "Yaar jisko mila mila' (whoever gets it, gets it). When my turn came, I said, if I win it, I am keeping the car and I can only share the stepney," Shastri said in typical tongue-in-cheek manner.

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South African first-class cricketer Solo Nqweni tests positive for coronavirus

Solo Nqweni, a South African first-class cricketer who has been battling multiple health issues, has tested positive for coronavirus. The 25-year-old all-rounder is also being treated for Guillain-Barre Syndrome -- a condition in which the immune system attacks the nerves. He is currently in Aberdeen, Scotland and shared the news of him contracting COVID-19 on Twitter.

Nqweni is the third cricketer known to have contracted the disease after Pakistan's Zafar Sarfraz and Scotland's Majid Haq. "So last year I got GBS, and have been battling this disease for the past 10 months and I'm only half way through my recovery. I got TB, my liver failed and my kidney failed. Now today I tested positive for coronavirus. I don't understand why all of this is happening to me," Nqweni tweeted.

This diagnosis is the latest in a long line of health issues for Nqweni, who spent four weeks in an induced coma last year. Nqweni played for South Africa Under-19s in 2012 and has been contracted to Eastern Province and has also played for franchise cricket for the Warriors.

The former Grey High star, who is playing as a professional at Aberdeenshire Cricket Club, is in the intensive care unit of Aberdeen Royal Infirmary, according to Herald Live.

Catch up on all the latest sports news and updates here. Also download the new mid-day Android and iOS apps to get latest updates.

Mid-Day is now on Telegram. Click here to join our channel (@middayinfomedialtd) and stay updated with the latest news

This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever




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AI Model Classifies Colorectal Polyps

A new artificial intelligence (AI) model to classify colorectal polyps using slides from 24 institutions has been developed by Dartmouth researchers.




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LeEco's Le 2 Offers Best-In-Class Features At Affordable Price

Has your smartphone been able to meet your expectations -- be it music, selfies or multi-tasking? If not, here's a device that is strong enough to break the monotony with its best-in-class features at an affordable price.




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BA Trainer-What Suits You Online Or Classroom Training?

Those of you who are craving for a career as business analyst might be aware how daunting the task of selecting right institute is. There is no dearth of training institutes out there each claiming to be the best. With such a large...




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Middle-class economics

In 2014, the US economy added more jobs than in any year since the 1990s. In fact, this longest streak of job growth on record has persisted into 2015. Inflation-adjusted wages are up by 1.4% annually over the last two years, more than twice the pace of the last recovery. But this is still not enough to make up for decades of subpar gains for middle-class families–a challenge shared by many other OECD economies.




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The Squeezed Middle Class - How does the United States compare?

This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges.




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The Squeezed Middle Class - How does Canada compare?

This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges.




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The Squeezed Middle Class - How does Australia compare?

This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges.




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The Squeezed Middle Class - How does Japan compare?

This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges.




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South Africa Exports: Special Classification Provisions Spare Parts

Exports: Special Classification Provisions Spare Parts in South Africa decreased to 0.07 ZAR Million in March from 1.38 ZAR Million in February of 2020. Exports: Special Classification Provisions Spare P in South Africa averaged 1.09 ZAR Million from 2014 until 2020, reaching an all time high of 16.61 ZAR Million in December of 2017 and a record low of 0 ZAR Million in April of 2019. This page includes a chart with historical data for South Africa Exports of Special Classification Provisions Spar.




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South Africa Imports: Special Classification Provisions Spare Parts

Imports: Special Classification Provisions Spare Parts in South Africa increased to 9741.91 ZAR Million in March from 9091.26 ZAR Million in February of 2020. Imports: Special Classification Provisions Spare P in South Africa averaged 7610.38 ZAR Million from 2014 until 2020, reaching an all time high of 11547.82 ZAR Million in July of 2019 and a record low of 2876.49 ZAR Million in December of 2016. This page includes a chart with historical data for South Africa Imports of Special Classification Provisions Spar.




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The Squeezed Middle Class - How does Austria compare?

This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges.




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Middle-class economics

In 2014, the US economy added more jobs than in any year since the 1990s. In fact, this longest streak of job growth on record has persisted into 2015. Inflation-adjusted wages are up by 1.4% annually over the last two years, more than twice the pace of the last recovery. But this is still not enough to make up for decades of subpar gains for middle-class families–a challenge shared by many other OECD economies.




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Dividing the pie in Brazil: income distribution, social policies and the new middle class

Brazil has made remarkable progress in reducing poverty and inequality. This reduction is explained by strong growth but also by effective social policies. Besides growth, public services and cash transfers have played the biggest role, the latter notably through the successful "Bolsa Familia" programme.




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Annual meeting of the OECD Schools of Government Network: Skills for a World Class Civil Service

The annual meeting of the OECD Schools of Government Network on the theme of Skills for a World Class Civil Service will be held on 6 July 2015, at the OECD in Paris.




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Anti-avoidance rules against international tax planning: A classification

This paper describes the main anti-avoidance rules against international tax planning by multinational enterprises in OECD and G20 countries.




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South Korea Exports of Ship Class

Exports of Kcs - Ship Class in South Korea decreased to 1068000 USD THO in April from 1439000 USD THO in March of 2020. Exports of Kcs - Ship Class in South Korea averaged 3067412.79 USD THO from 2006 until 2020, reaching an all time high of 7372000 USD THO in June of 2017 and a record low of 672000 USD THO in August of 2018. This page includes a chart with historical data for South Korea Exports of Kcs - Ship Class.




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Japan Imports - Commodities & Transactions Not Classified

Imports - Commodities & Transactions Not Classified in Japan decreased to 93939.88 JPY Million in March from 97912.55 JPY Million in February of 2020. Imports - Commodities & Transactions Not Classifie in Japan averaged 80276.60 JPY Million from 1988 until 2020, reaching an all time high of 153833.94 JPY Million in September of 1990 and a record low of 37321.14 JPY Million in December of 1993. This page includes a chart with historical data for Japan Imports of Commodities & Transactions Not Classif.




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The revenge of the middle-class anti-elitist

Why the comfortably well-off voted for Trump, Brexit and Italy’s Lega




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La Dolce Vita — a timely return for Fellini’s caustic classic

The director’s satire on consumerist culture shines through in this sparkling new print




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Mr Klein — Joseph Losey’s lost classic re-emerges

Alain Delon stars in this existential thriller, set in Nazi-occupied Paris




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Classical ballet and contemporary dance

As the Royal Ballet rehearses Christopher Wheeldon's 'Alice in Wonderland', its first new full-length ballet in 15 years, Peter Aspden talks to Royal Ballet principal Tamara Rojo, Sadler’s Wells artistic director Alistair Spalding and FT critic Clement Crisp. Does 'Alice' represent a return to traditional values? Are ballet companies doing enough to encourage new work? And, what is the relationship between classical ballet and contemporary work? Produced by Griselda Murray Brown  


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How contemporary classical music got cool

Ever been to a classical club night or an opera in a warehouse? This week on the arts podcast Jan Dalley talks to her guests about how people consume classical music today. She is joined by Gabriel Prokofiev, composer, DJ and grandson of the Russian composer Sergei; Frederic Wake-Walker, artistic director of pioneering company The Opera Group; and FT writer Laura Battle. With clips from Gabriel Prokofiev's 'Concerto for Turntables and Orchestra', and Elena Langer's 'The Lion's Face', commissioned performed by The Opera Group. Produced by Griselda Murray Brown  


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Something old, something new: Peter Aspden on the classic with a twist

Spicing up traditional settings with a dash of contemporary style has become a cultural commonplace. But let’s not pretend it’s anything more than an aesthetic compromise, the FT’s arts writer says  


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