AlphaGrep launches Eminence hybrid long-short fund
In short
AlphaGrep Mutual Fund launched its Eminence Hybrid Long-Short Fund through the Eminence SIF platform. Subscriptions open from October 14 to 28, and the fund needs a minimum investment of Rs 10 lakh, or Rs 1 lakh for accredited investors.
It is meant for sophisticated investors and uses several strategies, including equity long-short and fixed income. The source does not say how much money it plans to collect or how the fund will perform.
What the reporting says
AlphaGrep Mutual Fund launched its Eminence Hybrid Long-Short Fund through the Eminence SIF platform, with subscriptions set to open from October 14 to 28. The reported strategy mixes equity long-short, special situations, options, arbitrage and fixed income, and it is aimed at sophisticated investors. The minimum investment is Rs 10 lakh, or Rs 1 lakh for accredited investors, but the source does not say how much it expects to raise.
Why it matters
AlphaGrep Mutual Fund launched the Eminence Hybrid Long-Short Fund through its Eminence SIF platform, with subscriptions opening October 14 to 28. The product is aimed at sophisticated investors and requires Rs 10 lakh minimum, or Rs 1 lakh for accredited investors. Its mix of equity long-short, options, arbitrage and fixed income may appeal to investors seeking diversification, but the reporting does not say expected returns, fund size or distribution plans.