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Prabhudas Lilladher PMS has launched AQUA, a flexicap equity PMS strategy. This is the second quant-based strategy of the company.
AQUA stands for Adaptive, Quantitative, Unbiased and Alpha. It aims to provide innovative, well-researched, rigorously tested and thoughtfully designed investment solutions.
Sharing the rationale behind the launch, Siddharth Vora, Head of Investment Strategy and Fund Manager, PMS, Prabhudas Lilladher PMS said, “Markets operate in cycles that keep changing as per evolving macro regimes. One investing style does not work across cycles which creates the need to combine and adapt multiple styles as per evolving market conditions.”
He further said, “Investors find it difficult to determine these changing regimes and adapt their style and portfolio due to deep rooted emotional and style biases. Aqua’s systematic process-oriented approach eliminates these loopholes in the investment process by adopting an adaptive and flexible proprietary quanta-mental strategy.”