ASK Hedge Solutions, a part of the Blackstone-backed ASK Asset & Wealth Management Group, announced that its Absolute Return Fund has crossed ₹1,500 crore in Assets Under Management (AUM). 

Launched in February 2024, the Category III Alternative Investment Fund (AIF) has attracted interest from investors seeking consistent, risk-adjusted returns with a conservative long-short strategy.

The fund’s performance has outpaced other liquid fixed-income alternatives over the past 12 months, strengthening its appeal among family offices, corporate treasuries, and high-net-worth individuals. 

With a minimum investment threshold of ₹1 crore, it targets capital preservation while leveraging a multi-strategy approach to generate alpha.

This milestone underscores investor confidence in ASK’s disciplined fund management and its growing presence in India’s alternative investment landscape. The company had also launched a second fund with an index-plus strategy in December 2024 to expand its offerings further.

Commenting on crossing the milestone, Vaibhav Sanghavi, CEO, ASK Hedge Solutions, said, “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.”

Piyush Shah, CIO, ASK Hedge Solutions, said, “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”.

ASK Hedge Solutions operates under ASK Long-Short Fund Managers Pvt Ltd and caters to clients looking for diversification through uncorrelated strategies. As of April 2025, the broader ASK Asset & Wealth Management Group manages over ₹74,000 crore in assets across various investment platforms.