AlphaGrep Investment Management Pvt. Ltd.'s AlphaMine Absolute Return Fund, under the guidance of CEO Bhautik Ambani, has successfully accumulated over $100 million in assets as of October 31, 2023. The fund, which was launched in April 2022 as a Category III Alternative Investment Fund (AIF), has attracted ₹930 crore in capital through its innovative quantitative investment approach.
The fund's strategy is designed to deliver consistent returns with a low correlation to the broader equity market fluctuations. It employs a dynamic long-short strategy across listed equities and derivatives. The fund's asset allocation relies on quantitative methods and efficient rules-based algorithms, aiming for robust risk management and investor confidence.
In light of its recent success and to prioritize existing investors, AlphaGrep Investment Management has temporarily halted new subscriptions. This move ensures that the fund's management can continue to concentrate on generating reliable gains for current stakeholders without being swayed by the volatility of the equity markets.
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