Listen to this article
ASK Asset and Wealth Management has introduced a new vertical ASK Hedge Solution that will focus on category III AIFs.
The company believes that the move will give their clients an opportunity to diversify their investments in ‘risk adjusted return’ funds for augmenting long term wealth creation.
Vaibhav Sanghavi, the former Co-CEO of Avendus Capital Public Markets Alternate Strategies will head the new vertical. Vaibhav has over two decades of experience in managing hedge funds. The company plans to offer a range of hedge fund strategies like long/short funds.
Sunil Rohokale, Managing Director & CEO, ASK Group said, “In India, the opportunity for alternates is untapped and has immense potential for growth, with the total market size poised to grow beyond USD 50 billion. Our rigorous due diligence, combined with our expertise and strong research ensures that our hedge fund strategies will be designed to mitigate risk while aiming for consistent, risk-adjusted returns.”
ASK Group is a portfolio company of Blackstone, the world’s largest alternative asset manager.