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ASK Hedge Solutions, part of the Blackstone backed ASK Asset and Wealth Management has launched ASK Index Plus Fund, a Cat III AIF that offers factor-based long-only equity exposure with an actively managed quant-based long-short strategy.
While the long-only portfolio is focused on momentum and low-volatility, the actively managed trend follows quant-based long-short strategy using index derivatives. According to the asset manager, this approach enables the fund to capitalise on opportunities in both rising and falling markets leading to compounding in the medium to long term with reduced drawdowns and lower correlation to the benchmark.
The company said that the fund is ideal for investors seeking diversification and higher risk-adjusted returns as it eliminates emotional biases with the rule-based framework.
In a press release, Vaibhav Sanghavi, CEO - ASK Hedge Solutions said, “The fund is one of a kind in the Indian investment landscape, making it a unique offering which combines systematic factor-based investing with an actively managed quant long-short strategy under a Category III AIF structure. This innovative approach redefines large-cap equity investing by delivering a unique blend of consistent market tracking and dynamic alpha generation. Investors can now experience superior upside potential alongside exceptional risk management, setting a new benchmark for modern portfolio solutions in India.”