MUMBAI, 26 JUNE, 2023 (GPN): Alphagrep– a quantitative trading and investment management firm – has announced the appointment of a seasoned leader, Bhautik Ambani, as the Chief Executive Officer of AlphaGrep’s Investment Management unit in India. At AlphaGrep, Bhautik will be responsible for driving business growth, strengthening and expanding the firm’s domestic presence, and enhancing customer experience. Under his leadership, the company has launched AlphaGrep’s maiden AlphaMine Absolute Return Fund – Category III AIF (Alternative Investment Fund). 

Prior to joining AlphaGrep, Bhautik was associated with Avendus Capital Public Markets Alternate Strategies LLP as Managing Director & Partner. He was also associated with Ambit Capital, Kotak Wealth Management, and Mirae Asset, in various capacities and positions of leadership. 

Mohit Mutreja, Co-Founder and Chairman, AlphaGrep, said, “At AlphaGrep, we have always focused on bringing exceptional talent under one roof. In pursuit of superior investment outcomes and long-term consistent performance, the team consisting of data scientists, engineers, and investment professionals, working together to build world-class trading technology and quantitative investment products.  We are currently on our growth trajectory for our investment management business and it is our pleasure to have Bhautik join us at this exciting time. 

He is known for his leadership abilities and business growth initiatives. We are glad that he is leading our investment management arm in India. On the back of his deep understanding of the business environment, investment landscape, leadership skills, and passion for growing and expanding the business, we are best positioned to respond to the growing demand for sophisticated investment products and professional client service.”  

Bhautik Ambani, Chief Executive Officer, AlphaGrep Investment Management, said, “I am excited to be a part of one of the fastest-growing investment firms. With a combination of talent, technology, analytics, and global scale – we expect to strengthen the company’s position in the PMS & AIF space, harness quant investment strategies, and generate good investment experience for our stakeholders.” 

AlphaGrep Investment Management

AlphaGrep was founded in 2010 by quantitative research and trading specialists – Mohit Mutreja and Prashant Mittal in Mumbai. It is a quantitative trading and investment management firm. With tech and data at the core, the team invests both proprietary and external capital across asset classes on major exchanges globally. 

Over the last decade, AlphaGrep has emerged as one of the leading market makers and is amongst the top market participants by volume on domestic exchanges, and is an active participant in multiple global exchanges.  

AlphaGrep Investment Management – a unit of the quantitative trading and investment management firm – AlphaGrep, launched its maiden AlphaMine Absolute Return Fund – Category III AIF (Alternative Investment Fund) in April 2022. 

This quant-based fund is led by industry veterans – Bhautik Ambani and Praveen Kumar. Bhautik has previously been part of the leadership team at Ambit and Avendus, running one of India’s largest hedge funds in the category III space whereas Praveen has successfully built, scaled, and managed systematic investment strategies in India.

The company’s competitive advantage lies in employing some of the best industry talent from the systematic investment space and by hiring fresh graduates from premier institutes in India. The team, which is a mix of individuals from trading, statistical and programming backgrounds employs propriety technology, data, and research models for algorithmic/quant investment strategies.       

The team with rich experience in investment and data science has built this quant-focused AlphaMine Absolute Return – Category III AIF on a systematic multi-strategy approach. Ends