 "Quant trading and investment management firm Alphagrep raises Rs 930 crore")
Quantitative trading and investment management firm Alphagrep on Wednesday said it has raised Rs 930 crore from investors for an alternate investment fund.
The money has been raised for the Alphamine Absolute Return Fund which was launched in April 2022, according to a statement.
The fund follows quant investment strategies that evaluate historical data and generate investment signals using a rules-based framework, it added.
"Alphamine Absolute Return Fund follows systematic investment strategies. Our team has devised efficient strategies based on systematic algorithms which have enabled us to have a statistical edge," AlphaGrep Investment Management's chief executive Bhautik Ambani said.
The investors include UHNIs (ultra high networth individuals), HNIs (high networth individuals), family offices, and channel partners, he said, adding that the company has paused the current fund for incremental subscriptions.
The fund follows a dynamic multi-strategy long-short approach on listed equities and Futures and Options, the statement said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app