Mr Piyush Shah
Chief Investment Officer
Piyush joined ASK Group in September 2023 as CIO & Fund Manager, Hedge Fund Solutions to build and manage the Alternate Investment platform. His current role, is setting the investment style and strategy of the firm’s investments managing the various alternate offerings, including the flagship, India long-short strategy as well as complete oversight over the investment team and business management. His key responsibilities include sourcing, managing, and monitoring investment, establishing investment policies and collaborating with the fund management team to optimise investment performance.
With an experience spanning over two decades in the financial services industry, Piyush is a seasoned professional with over 25 years of experience in the Indian equity markets, known for his extensive knowledge of derivatives and fundamental analysis. His disciplined and process-driven approach has consistently yielded positive risk-adjusted returns across various market cycles.
Starting his career at DSP Merrill Lynch in 1996, Piyush played a crucial role in the equity broking sector and was instrumental in setting up the Derivatives and Structured products desk. His acumen in investing and hedging strategies led him to manage the Merrill Lynch proprietary book for India, overseeing an Assets Under Management (AUM) of $1 billion.
In 2008, Mr. Shah joined Ambit Private Ltd, where he managed the proprietary trading business and was pivotal in launching one of India’s first long-short funds for public money under Category III of Alternative Investment Funds (AIF), regulated by SEBI. Along with his team he marked a significant impact in the India hedge fund space by growing the largest onshore India hedge fund to an AUM of Rs 1200 Crores.
His tenure at Avendus from 2016 to 2023 marked a period of significant growth and expansion. Mr. Shah was key in building the business, forming a strong team, and diversifying the product offerings. Under his leadership, Avendus reached a peak AUM of Rs 7000 Crores, showcasing his ability to drive success and innovation in the financial sector.
Piyush holds a Degree in financial management from Mumbai University..
