Andrew Holland, CEO, Avendus Capital Alternate Strategies, has been managing the Absolute Return Strategy since 2006. Pioneers in the long-short strategy in equity stocks, the team has built a sizable fund—₹ 4,400 crore—since April 2017 after starting at Avendus. Holland explains the popularity of the product, and the risks
The assets gathered ballooned to around ₹ 4,400 crore in a short one-and-a-half years with Avendus as opposed to around ₹ 1,200-1,300 crore in three years with Ambit Capital. What changed? (The same team ran the strategy with Ambit Capital before they moved to Avendus.)
