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Avendus Enhanced Return Fund – I

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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 Nov 2018
Number of Securities 15-20
Investment Horizon Long Term

Unique Feature

Long-only scheme that targets low beta and high alpha

Investment Philosophy

A portfolio that maintains a prudent mix of long-only (70 % of the fund) and long-short (30 % of the fund).

Avendus Enhanced Return Fund is a long only scheme targeting high alpha and low beta. The fund endeavours to outperform the Nifty 50 index and minimize downside.

The fund’s goal of outperforming the Nifty 50 index while minimising downsizing is done by maintaining a prudent mix of long only and long short portfolios. It will invest 70% of the profits in a long-only portfolio to achieve strong alpha and 30% in a long-short portfolio to ensure low beta.

Mr. Vaibhav Sanghavi, Mr. Piyush Shah along with Mr. Tarun Kewalramani administer the funds with the goal of delivering 150 percent of the Nifty 50 index return over the next three years while limiting downside to 30 percent of the index decline over the next six months.

The Avendus Enhanced Return Fund I seeks to outperform the Nifty 50 index. This is a category III AIF strategy that employs a combination of long-only and long-short strategies to limit downsizing.

About Fund Managers

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

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

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, 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 fiveyear tenure, he invested in shares that consistently outperformed benchmarks.His competence in generating riskadjusted 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.

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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.