ASK Hedge Solutions, part of the Blackstone-backed ASK Asset & Wealth Management Group, has achieved a significant milestone with its ASK Absolute Return Fund surpassing Rs 1,500 crore in Assets Under Management (AUM).

Launched in February 2024, with a minimum investment requirement of Rs 1 crore, the fund has gained traction among investors seeking superior risk-adjusted returns. Since its inception, the fund has generated impressive returns, outperforming other liquid fixed-income alternatives from a 12-month perspective, according to a press release.

The ASK Hedge Solutions team continues to lead the charge in promoting Category III Alternative Investment Funds (AIFs) in India, offering compelling opportunities for investors across the risk spectrum.

The ASK Absolute Return Fund, designed as a conservative multi-strategy long-short fund with a primary focus on capital preservation, is particularly suited for investors with a moderate risk appetite who seek to capitalise on the fund management team’s skill set to outperform traditional fixed income alternatives.