ASK Hedge Solutions' Absolute Return Fund crosses Rs 1,500 crore in AUM; details here

ASK Hedge Solutions, part of the Blackstone-backed ASK Asset & Wealth Management Group, has achieved a significant milestone with its ASK Absolute Return Fund surpassing Rs 1,500 crore in Assets Under Management (AUM).

Launched in February 2024, with a minimum investment requirement of Rs 1 crore, the fund has gained traction among investors seeking superior risk-adjusted returns. Since its inception, the fund has generated impressive returns, outperforming other liquid fixed-income alternatives from a 12-month perspective, according to a press release.

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The ASK Hedge Solutions team continues to lead the charge in promoting Category III Alternative Investment Funds (AIFs) in India, offering compelling opportunities for investors across the risk spectrum.

The ASK Absolute Return Fund, designed as a conservative multi-strategy long-short fund with a primary focus on capital preservation, is particularly suited for investors with a moderate risk appetite who seek to capitalise on the fund management team’s skill set to outperform traditional fixed income alternatives.

“We are delighted to announce that ASK Absolute Return Fund has surpassed the Rs 1,500 crore AUM milestone, a testament to the consistent performance of the strategy and the trust placed in us by our investors and distribution partners,” said Vaibhav Sanghavi, CEO, ASK Hedge Solutions

“As early movers in this category, we take pride in having pioneered a differentiated approach, and this achievement underscores the strength of our investment philosophy and the enduring confidence of our stakeholders. Alternates present a significant opportunity in India, and we are well-positioned to capitalise on it,” he added

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ASK Hedge Solutions launched its second fund – an index-plus strategy in December last year.
“Our focus on consistency with capital preservation has aided in delivering the industry-leading performance. It is our constant endeavour to add value to investors’ portfolios by offering various “Risk-Adjusted Returns,” said Piyush Shah, CIO, ASK Hedge Solutions.