Blackstone-backed ASK Hedge Solutions floats ASK Index Plus Fund

ASK Hedge Solutions, a part of the Blackstone-backed ASK Asset & Wealth Management Group, has unveiled the ASK Index Plus Fund, which falls under the Category III Alternative Investment Fund (AIF) category. This fund merges factor-based long-only equity investments with a quant-driven long-short strategy.

The fund provides a unique opportunity to participate in India's rapidly growing economy by investing in an Index with an added dynamic alpha generation component. The portfolio focuses on momentum and low-volatility stocks from NSE-managed factor indices, along with a trend following quant-based long-short strategy using Index derivatives.