Avendus Enhanced Return Fund AIF
Avendus AIF | Alternatives | | AIFIME's View on Avendus Enhanced Return Fund AIF
Strategy
Long-Biased Long-short strategy
Investment Fund
This fund has been officially shut-down given the departure of the entire investment team. Our Rating is accordingly suspended.
Fund's Strategy View
Fund Performance
We refrain from evaluating the fund since it is yet to mature (less than 5 years).
IME's View on Avendus AIF
View on AMC
Avendus AIF had built a stong alternatives long-short funds business. However, given the departure of the entire investments team (spear-headed by Andrew Holland & Vaibhav Sanghvi) and the shutting down of the funds, the future outlook on this business is uncertain.
AMC's Pedigree
We will wait to see Avendus's strategy on the AIF business, before evaluating the AMC.
AMC Team
We will need to wait for the new team to join to evaluate the AIF.
Investment Philosophy
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Investment Strategy
Objective: generate superior returns to Nifty 50, while limiting downside Investment Strategy- Long-Only (70-85% of portfolio): 15-25 high conviction stocks based on a proprietary screening model
- Long-Short (15-30% of portfolio): tactical positions to enhance returns in strong markets and reduce downside in weak markets | exposures can range from -40% net short in bearish markets, 80% net long in bullish markets and 30% net long in range bound markets
- Screener driver: Screener run on BSE 200 to shortlist universe to 80 stocks > In-depth analysis of research team to identify 15-25 portfolio companies
- Outside screener: 3-4 stocks (from BSE-500) can be included as turnaround or emerging themes
- Invest in derivatives (stocks, Nifty, Bank Nifty)
- Focus on absolute returns across market conditions (low correlation to underlying markets)
Trailing Performance
| 1yr | 3yr | 5yr | Since Inception | |
|---|---|---|---|---|
| Avendus Enhanced Return Fund AIF |
Performance as of: 30-Sep-25 | Inception Date: 01-Jun-21 | Performance are post-fees, pre-taxes. Global funds denominated in USD or fund currency.
