AlphaGrep Investment Management, a provider of funds and portfolio management services, announced on Wednesday that its flagship fund, AlphaMine Absolute Return Fund, has raised more than $100 million (Rs 930 crore) as of October 31, 2023.
This open-ended Category III AIF (Alternative Investment Fund) will be launched in April 2022, led by industry veteran Bhautik Ambani. The fund employs quantitative investment strategies that use a strictly rules-based framework to evaluate historical data and generate investment signals.
AlphaGrep Investment Management Pvt Ltd is a division of AlphaGrep, a quantitative trading and investment management firm.
AlphaGrep Investment Management
“AlphaMine Absolute Return Fund follows systematic investment strategies,” said Bhautik Ambani, Chief Executive Officer at AlphaGrep Investment Management, of the milestone achievement. Our team developed efficient strategies based on systematic algorithms, giving us a statistical advantage. In terms of risk and return, our fund provides significant diversification while also increasing portfolio efficiency. We also place a high priority on risk management across all of our strategies. Our primary goal is to limit potential losses and meet investor expectations.”
“We have been overwhelmed by the response and acknowledgement from our UHNIs, HNIs, family offices, and channel partners.” They have expressed interest because they recognize the value potential that quant investing has. “We are very excited about our stellar growth and thank our investors for placing their trust in our team and strategy and choosing us as their wealth creation partner,” he added.