26/11/2012 I-bank AGacquisitions to launch hedge fund; focus on index strategy | VCCircle

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I-bank AGacquisitions to launch hedge fund;focus on index strategy BY MADHAV A CHANCHANI

Fund to register under SEBI’s AIF guidelines; targets AUM of $30 million by next year.

Bangalore-based boutique investment bank AGacquisitions India is

foraying into the alternative investment market by launching a

new hedge fund, with the focus on index strategy for Indian

markets. The fund will later operate in Singapore and the US as well. This new business, to be

housed under its subsidiary AGacquisitions Markets, will register with the market regulator SEBI as

a hedge fund under AIF (Alternative Investment Funds) Regulations by the first quarter of

CY2013.

The move came after AGacquisitions Markets merged with TechTrend Analyser, which provides

technical products and solutions for alternate investing. AGacquisitions will now launch its hedge

fund platform Index Advantage – II, which will help the firm increase its assets under management

to $30 million by next year.

The two companies have been working together over the years where the first product, Index

Advantage – I (IA-I), has delivered annualised returns of over 60 per cent. IA-I focused

extensively on the S&P Nifty Index and used a patent-pending proprietary platform to deliver the

returns.

“The platform has been able to provide above-average returns across trending bull and bear

market conditions and nominal returns during market consolidation. This comes from the ability to

take uni-directional calls on the S&P Nifty Index, using the futures derivative. The investment

methodology relies on a number of well-established open source indicators such as the CBOE VIX,

India VIX, Parabolic SAR and dollar index,” said AGacquisitions co-founder Harsh Agarwal.

With support from TechTrend, AGacquisitions will also look to expand to global markets like

Singapore and the US in due course. It will also look at gold and forex trading strategies in the

future.

“IA-I was launched as a test bed, with investors mainly being family and friends. We now look to

launch IA-II with the aim of increasing our assets from $4 million to $30 million in the coming

year(s). AGacquisitions’ global reach and TechTrend’s expertise will open a new dimension of

unique investment methodology to global investors, family offices and hedge funds,” said

TechTrend founder Mehul Daga who will be the director (technical) at AGacquisitions.

AGacquisitions, formerly known as 130R Capital, was set up in 2010 and has mostly advised on

private equity deals till date. It has been co-founded by the brothers, Kanishk and Harsh Agarwal,

who grew up in a business family. Earlier, Kanishk had worked at BNP Paribas in London while

Harsh was with Deutsche Bank.

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25 November 2012 Phoenix on

I think this link below is what Saurabh wastrying to get at in the words of WarrenBuffett- http://www.cnbc.com/id...

24 November 2012 Anonymous on

That's hitting the nail on the head.

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26/11/2012 I-bank AGacquisitions to launch hedge fund; focus on index strategy | VCCircle

2/3www.vccircle.com/news/2012/11/23/i-bank-agacquisitions-launch-hedge-fund-focus-index-strategy

The investment bank has advised on deals like VenturEast Proactive Fund and Zephyr Peacock’s

$12 million investment in e2E RAIL; TLG Capital’s stake buy into Re-feel Cartridge Engineering and

RenewGen Enviro Ventures India’s fundraising from IFC, among others.

(Edited by Sanghamitra Mandal)

Tags: AGacquisitions , I-bank , SEBI

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24 November 2012 Hardik Joshi on

Students will keep making the BADINVESTMENT in an MBA till coporate talenthunters sit on the banks of sprawling...

23 November 2012 Ravi K on

An irresponsible and highly immature takeon the subject. Since when has VCCirclestarted publishing such utter non-...

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