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AVENDUS Absolute Return Fund

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About Company

Avendus is a renowned financial services company that focuses on delivering tailored solutions in asset management, credit solutions, investment banking, and wealth management.In their drive to excel, we go with high-performing entrepreneurs, wealth creators, and new-age economic pioneers.Avendus identifies value creation possibilities by leveraging its deep subject experience and awareness of various regulatory environments.With our most valuable asset – the collective intellectual capital of our team – we create unique solutions for our clients and partners.Avendus, founded in 1999 in Mumbai, India, has a presence in eleven cities across four countries, bringing global views and thought leadership to the table, as well as providing our inter-country teams with the experience to handle big and complicated transactions.

Fund Snapshot

Year of Inception 2017
Number of Stocks 15-20
Investment Horizon Long Term
Fund Managers Vaibhav Sanghavi

Investment Philosophy

Avendus Absolute Return Fund is a Category III Alternate Investment Fund (AIF) focused on innovative risk management strategies, with a goal of capital preservation. The fund seeks capital appreciation and positive returns in an efficient, risk-adjusted manner through long and short positions in equities and indices.

It focuses on innovative investment management strategies as well as effective risk management for capital preservation. Through short and long-term stock holdings and indexes, the fund seeks to achieve efficient, risk-adjusted capital appreciation and attractive returns. Through a variety of situations, it seeks to provide absolute returns that are less volatile than the broader stock market and are unrelated to traditional asset classes.

Avendus Absolute Return Fund’s investment services management techniques are creative, with good risk management for capital protection.

Long and short positions in equities and indices are used to achieve capital appreciation and positive returns in an optimal, risk-adjusted manner (derivatives).

The fund’s goal is to generate absolute returns with lower volatility than the stock market as a whole and low correlation to traditional asset classes across a wide range of market scenarios.

The fund’s long-short strategy is intended to produce absolute returns with less volatility than the overall stock market and low correlation to conventional asset classes, across variety of market scenarios.

The fund is run by Andrew Holland and Vaibhav Sanghavi, two of India’s most prominent fund managers. Avendus Absolute Return fund performance has been effectively managed equities for over ten years in all market situations, based on positive absolute return methods with a low volatility prospective.

Unique Feature

Market risk adjusted absolute returns for various business cycles

FAQ

What is the category of the Avendus Absolute Return Fund?

Avendus Absolute Return Fund is a Category III Alternative Investment Fund (AIF) that focuses on risk management measures that are creative.

What is the fund looking for?

The purpose of this fund is to preserve money. Through long and short positions in stocks and indices, the fund targets capital appreciation and good returns in an efficient, risk-adjusted way.

What is Absolute Return Fund’s investment strategy?

The fund’s long-short strategy seeks to provide absolute returns with lower volatility than the general stock market and minimal correlation to traditional asset classes across a range of market scenarios.

Who are Avendus?

Avendus, founded in 1999 in Mumbai, India, now has a presence in eleven cities across four countries, bringing global perspectives and thought leadership to the table while also giving our inter-country teams the ability to execute large and complex transactions.

Who is the targeted market for Absolute Return Fund?

The fund is looking for high-performing businesses, wealth creators, and economic pioneers of the future.

About Fund Managers

Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP
Andrew Holland CEO, Avendus Capital
Andrew Holland CEO, Avendus Capital

 

Andrew is the current CEO of Avendus Capital Alternate Strategies. Before working with Avendus, he worked with Ambit Investment Advisor, where he built India’s largest and most successful Hedge Funds.Andrew is recognised as a leader with a vision. He has intense experience working with leading banks, including Country Nat West in the UK, Barclays in the UK, and South Korea. Andrew has been rated among the top three analysts consistently by the UK and South Korea.Avendus Absolute Return Fund and Avendus Enhanced Return Fund could cross over INR 5000 crore in one year with his hard work and dedication.Talking about his orating skills, he is a great speaker and gets featured in the news on his views on the market and economics

Vaibhav Sanghvi, Co-CEO of Avendus Capital Public Markets Alternate Strategies LLP

Vaibhav Sanghvi

 

Vaibhav Sanghavi has 17 years of professional experience and a profound domain competence in hedge funds. He joined Avendus in 2016 and is now Co-CEO of Avendus Capital Public Markets Alternate Strategies LLP in Mumbai. As part of his responsibilities, he serves as the main portfolio manager for all of the firm’s funds and has a track record of outperforming markets across cycles. Prior to joining Avendus, Vaibhav was a Managing Director at Ambit Investment Advisors, where he was in charge of the hedge fund operation. He effectively managed the largest onshore Indian hedge fund with an excellent track record throughout his eight-year tenure with the business. Prior to joining Ambit, he spent three years at DSP Merrill Lynch’s strategic risk business, where he was in charge of risk management and was in charge of managing their proprietary equity assets totaling USD 1 billion.Vaibhav began his career in 2000 with HDFC Bank, where he worked in the equities and private banking departments. During his five year tenure, he invested in shares that consistently outperformed benchmarks. His competence in generating risk adjusted returns in stocks across strategies has been critical in Avendus’ ability to secure its position as India’s largest onshore hedge fund. Vaibhav is a Chartered Accountant who graduated from Mumbai’s Narsee  Monjee College of Commerce and Economics.

Tridip Pathak, Co-head of Equity

Tridip Pathak, Co-head of Equity

 

Tridib Pathak has had an extensive career of 28 years and is based in Mumbai. He is the Co-head of Equity at Ocean Dial, where he serves as the Principal Advisor to the “Ocean Dial Gateway to India Fund.” Tridib will be in charge of developing Ocean Dial’s investment process and managing the investment team

Devanshu Soni ( Fund Manager/Dealer ) 

Devanshu Soni

 

 

Worked with Edelweiss Securities, IDFC Capital, MAPE Securities, and Dolat Capital in various positions (sales trading at institutional equities desk to managing proprietary trading book)

Akshata Deshmukh ( Fund Manager ) 

Akshata Deshmukh

 

 

Worked with Kotak Institutional Equities– primarily aiming alpha generation through derivatives strategy for a myriad of institutional investors across the geographies of India, Singapore & HK.

Piyush Shah ( Managing Director & Fund Manager ) 

Piyush Shah

 

 

 

Worked with Ambit Investment Advisors and DSP Merrill Lynch prior to joining Avendus

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Disclaimer: Investing Involves Risk. This document is for information purposes only and should not be viewed as a legal offering document or solicitation. Offers to invest in this fund are made only by the Discretionary Portfolio Management Services Agreement. Past performance does not guarantee future results and there is no assurance that the managed accounts will necessarily achieve their objectives. We do not guarantee any returns in the hand of investors not we take any sort of accountability for the performance of the scheme. The above-mentioned data is collected from the respected Fund house please verify the same at SEBI website.