Man jumps 14K ft with smallest parachute,sets world record

1.    Man jumps 14K ft with smallest parachute,sets world record

i. A Venezuelan daredevil has set a new Guinness record for skydiving using the world's smallest parachute after he jumped from 14,000 feet with a canopy the size of a bed sheet.

ii. During his three-and-a-half-minute descent, Ernesto Gainza used a parachute measuring only 35 square feet. 

iii. Gainza risked a spin that would have killed him but managed a perfect landing in the Palm Drop Zone at the Skydive Dubai Club, last week. "It was awesome, amazing and emotional. I had to keep my body really straight, as even a little input from my hips or turning left or right could make the parachute turn," he said. 

iv. Expert sky divers use parachutes that range in size from 80 to 200 square feet, and even the smallest of the high-performance canopy sizes developed over the last ten years average between 70 and 90 square feet

2.    Dhawan named one of Wisden's Five Cricketers of the Year

i. India's swashbuckling opening batsman Shikhar Dhawan has been named as one of the Five Cricketers of the Year, an honour dating back to 1889, by Wisden for his performance in 2013.

ii. The 28-year-old Dhawan was the highest run-scorer during India's triumph in the ICC Champions Trophy, amassing 363 runs in five ODIs at an average of 90.75. He was awarded Man of the Series for his performance that included centuries against South Africa and West Indies. 

iii. His performance during the tournament in England was acknowledged by Wisden, which also named Australian duo Chris Rogers and Ryan Harris, England batsman Joe Root and England women's captain Charlotte Edwards in the list. 

iv. The Cricketer of the Year is chosen by the editor of the Wisden Cricketers' Almanack, based on their "excellence in, or performance on, the previous English summer".

3.    HSBC MF India launches new open ended fund

i. HSBC Mutual Fund, India has launched an open ended fund of funds scheme ‘HSBC Managed Solutions’, which will invest into various asset classes including domestic and foreign equity, long and short-term debt and gold.

ii. As per the fund house, the new scheme is based on the principle of active asset allocation in which investments are managed dynamically across asset classes and re-balanced regularly to ensure optimal allocation for risk profiles.

iii. The new fund offer, which opens today, will close for subscription on April 23, 2014, a company release said.

iv. “HSBC Managed Solutions allows people who do not have the time and expertise to manage their own portfolios to benefit from flexible asset allocation executed by our global teams in a disciplined, risk-aware and cost effective approach, with the goal of capturing long-term growth,” Chief Executive Officer of HSBC Global Asset Management, India, Puneet Chaddha said.