Samvitti Capital, a SEBI registered asset management boutique founded by first generation professionals and based out of Mulki, Karnataka, today announced the launch of its new Alternative Investment Fund (AIF). The new category 3 Fund called 'Samvitti Capital Alpha Opportunities' will be open ended in nature and focused entirely on the secondary markets. The capital for this AIF will be raised largely from high net-worth individuals, corporates and family offices.
Samvitti Capital today manages assets of over Rs 340 crores with more than 100 clients.
This is Samvitti's third AIF to be launched since 2015. The first one is the 'Samvitti Capital Alternative Investment Fund' - a three year closed ended long-only AIF that is benchmarked against the CNX Nifty Index over the life of the fund - a first. This fund is closed for subscriptions. The second one is the 'Samvitti Capital Alpha Fund - an open ended long-short fund with quarterly redemption which seeks to generate absolute returns by positioning itself on both the long and short side of the markets using various strategies.
The new fund is an extension of the products that Samvitti already has, however the strategy in the new fund will be different - with a focus on short term opportunities only. The key strategies in this fund will be based on price/result momentum, index based strategies and special situations. The endeavour of the fund will be to carry limited positional or overnight exposure.
"We are extremely pleased to announce the launch of our third AIF as a part of our ongoing commitment towards wealth creation for our clients on sustained risk-adjusted returns while maintaining the highest ethical standards " said Prabhakar Kudva, Co-Founder and Director, Samvitti Capital. "Our investment strategies are based on analytical analysis, balance of financial theory and experience based on the founders 40 years of cumulative experience dealing in capital markets & innovative research".