Ambit Alpha Fund AUM tops Rs 1,000 cr

The fund was launched with an AUM of Rs 20 cr in June 2013

Ambit Alpha Fund, a category III Alternate Investment Fund (AIF), managed by Ambit Investment Advisors, claimed it has crossed Rs 1,000 crore of assets under management, three years after its launch. The fund was launched with an AUM of Rs 20 crore in June 2013.

Despite a volatile market, Ambit Alpha Fund reported low volatility of 5-7% and provided a gross compounded return of 23%, the fund claimed in a statement. As per the recent Bloomberg ranking, the fund is in the top 91 percentile among 800 global hedge funds in the last one year (as of 31 May 2016).

Andrew Holland, CEO, Ambit Asset Management said, "We are extremely proud to have reached this landmark of Rs 1000 crore in AUM and continue to be excited about the opportunity which lies ahead for the industry. We are grateful for the faith entrusted in us by more than 500 investors including family offices, treasuries and HNIs. We thank our investors and distribution partners for being with us."

Vaibhav Sanghavi, Managing Director, Ambit Asset Management said: "We have been successful in providing a great risk adjusted return solution for investors, wherein we have been able to deliver consistently and keep risk low at the same time. Our outstanding track record underscores the aim of the fund which is to generate absolute returns over time, regardless of the prevailing market conditions. Over the next six months, we look forward to launching new and unique products, with an aim to address the investment objectives of our investors and distribution partners"

Ambit Investment Advisors is a joint venture partnership between Ambit Corporate Finance Private Limited and Nikko Asset Management Co. Ltd. of Japan, which is Asia's premier global asset manager, with approximately $160 billion in assets under management.