AlphaGrep raises $100 million for its Category III AIF – AlphaMine Absolute Return Fund

AlphaMine Absolute Return Fund seeks to provide stable returns with minimal relation to stock markets. The fund trades listed stocks, futures, and options using a dynamic multi-strategy long-short approach.

AlphaGrep Investment Management reported that more than $100 million (Rs 930 crore) has been raised for its flagship fund, AlphaMine Absolute Return Fund.

This open-ended Category III AIF (Alternative Investment Fund) was established in April 2022 and is run by Bhautik Ambani. The fund employs quantitative investing techniques, which use a rigorous rule-based framework to analyse historical data and provide investment signals.

Bhautik Ambani, Chief Executive Officer at AlphaGrep, 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."

Ambani 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.

AlphaMine Absolute Return Fund seeks to provide stable returns with minimal relation to stock markets. The fund trades listed stocks, futures, and options using a dynamic multi-strategy long-short approach.