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AlphaGrep Investment Management Pvt Ltd announced that its flagship fund – AlphaMine Absolute Return Fund - has raised more than USD 100 million (INR 930 crores) as of October 31, 2023. Launched in April 2022, this open-ended Category III AIF (Alternative Investment Fund) is led by industry veteran, Bhautik Ambani. The fund follows quant investment strategies that evaluate historical data and generate investment signals using a strictly rules-based framework.

AlphaGrep Investment Management Pvt Ltd is a unit of the quantitative trading and investment management firm – AlphaGrep.

The growth in assets under management has been achieved mainly on the back of the fund’s unique positioning, consistent performance, and encouraging support from the distribution partners. 

Bhautik Ambani, Chief Executive Officer, AlphaGrep Investment Management, said, “AlphaMine Absolute Return Fund follows systematic investment strategies. Our team has devised efficient strategies based on systematic algorithms which have enabled us to have a statistical edge.

In terms of risk and return, our fund offers substantial diversification and increases portfolio efficiency. We also have a considerable focus on risk management across all our strategies. Our primary focus is to contain the potential losses, and deliver on investor expectations.”

He added, “We are overwhelmed with the response and acknowledgment that we have received from our UHNIs, HNIs, family offices, and channel partners. They have responded with interest as they are seeing the value potential that quant investing is equipped to unlock. We are very excited about the stellar growth and thank our investors for bestowing their trust in our team and strategy, and choosing us as their partner in wealth creation.”

Bhautik further informed that keeping in mind the best interest of existing clients, the team at AlphaGrep Investment Management has paused the current fund for incremental subscriptions.

The objective of AlphaMine Absolute Return Fund is to deliver consistent returns with low correlation to equity markets. The fund follows a dynamic multi-strategy long-short approach on listed equities and Futures and Options. 

AlphaGrep Investment Management’s competitive advantage lies in the best industry talent having finance and data science qualifications from premier institutes. The smart team employs proprietary technology, data, and research models for algorithmic/quant investment strategies.

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