AlphaGrep, a global multi-asset, quant-based proprietary trading firm founded in 2010 by University of Pennsylvania alumni duo Mohit Mutreja and Parshant Mittal, has launched a new quant-driven investment management arm – AlphaGrep Investment Management.
Over the past 13 years, AlphaGrep, which has its origins in quantitative research and high-frequency trading, has expanded into the medium to low-frequency trading space and has now grown to a team of over 300 people operating from offices in Mumbai, Bengaluru, Gurugram, London, Singapore, Chicago, Dubai, and Shanghai. The company is among the top market participants by volume on domestic exchanges and is an active participant in multiple global exchanges.
The firm says its new investment management arm is aiming to create a “differentiated investment offering for investors”, including a multi-strategy long-short quant fund.
Mittal, Executive Director, AlphaGrep, said: “According to data, Category III alternative investment funds (AIFs) are gaining traction and are expected to witness threefold growth in the short term. Interestingly, in Category III AIFs, long-short funds have grown in popularity amongst HNI investors, treasuries, and family offices. We are hopeful that our multi-strategy long-short quant fund will be able to deliver an enhanced investment experience to our clients.”
