MUMBAI : Street smart, aggressive, bold are some of the common adjectives that peers have used to describe Santosh Kamath over the past few days after fund house Franklin Templeton's drastic decision to shut down six debt schemes.
Kamath, chief investment officer (CIO) for Franklin's debt schemes, was once considered somebody whose unique calls gave regular rewards.
But the awe eroded in no time when his bets of investing in little-known but highly risky papers soured. An engineer by qualification, Kamath joined Franklin Templeton as the head of their fixed income business in 2006, before the financial crisis and when the global fund house was reviving its debt mutual fund business in India.