ASK Hedge Solutions, part of Blackstone-backed ASK Group, sees Absolute Return Fund cross Rs 1,500 Crore in AUM
ASK Hedge Solutions, a part of the Blackstone-backed ASK Asset & Wealth Management Group, has achieved a significant milestone with its ASK Absolute Return Fund surpassing Rs 1,500 crore in Assets Under Management (AUM). Launched in February 2024, with a minimum investment requirement of Rs 1 crore, the fund has gained traction among investors seeking superior risk-adjusted returns. Since its inception, the fund has generated impressive returns, outperforming other liquid fixed-income alternatives from a 12-month perspective.
The ASK Hedge Solutions team continues to lead the charge in promoting Category III Alternative Investment Funds (AIFs) in India, presenting compelling opportunities for investors across the risk spectrum. The ASK Absolute Return Fund, designed as a conservative multi-strategy long-short fund with a primary focus on capital preservation, is particularly suited for investors with a moderate risk appetite who seek to capitalize on the fund management team’s skill set to outperform traditional fixed- income alternatives.
Commenting on crossing the Rs 1,500 crore milestone, Vaibhav Sanghavi, CEO, ASK Hedge Solutions, said, “We are delighted to announce that ASK Absolute Return Fund has surpassed the Rs 1,500 crore AUM milestone, a testament to the consistent performance of the strategy and the trust placed in us by our investors and distribution partners. As early movers in this category, we take pride in having pioneered a differentiated approach, and this achievement underscores the strength of our investment philosophy and the enduring confidence of our stakeholders. Alternates present a significant opportunity in India, and we are well-positioned to capitalise on it.”
Piyush Shah, CIO, ASK Hedge Solutions, commented, “Our focus on consistency with capital preservation has aided in delivering the industry-leading performance. It is our constant endeavour to add value to investors’ portfolios by offering various “Risk-Adjusted Returns”.
The ASK Absolute Return Fund underscores the group’s commitment to offering innovative investment solutions that cater to the evolving needs of investors in India and beyond. In line with this vision, ASK Hedge Solutions launched its second fund – an index-plus strategy in December last year.
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