Categories: Articles

Whitespace Alpha Secures CAT 1 Special Situations Fund License

Whitespace Alpha, has secured a CAT 1 AIF Special Situations Fund License. A significant achievement since its inception in 2019.

An experienced Investment Management Company, Whitespace Alpha, based out of Hyderabad has secured a Category 1 AIF license to run a Special Situations Fund from SEBI. The fund will invest in distressed assets, stabilize them, and turn them around to realize windfall gains.

The fund will be unique as it will have a lot of flexibility in deploying different kinds of financial instruments, and hence become a one stop shop helping turn around stressed assets. This combined with the diversification benefits of pooling capital; will help address the stressed asset market in India.

Rohith Lokareddy, Fund Manager, Whitespace Alpha

Rohith Lokareddy, Fund Managerand a graduate of theIndian School of Business said , “We are excited to be entering this space as we feel the industry is still in a very nascent stage. We would like to harness the tailwind that will be provided with this license; and leverage the existing goodwill in the market to generate record returns for our investors.”

“The market has seen us close large deals in the past, and our performance is now clear. The criteria for our investor group has always been more than just money. There are enough people who can contribute money; but our investors have come in with a lot more than just funds,” added Rohith.

Whitespace Alpha has already made a mark in the financial industry by running their award winning Category 3 Equity and Debt funds; which have consistently beaten the market month on month. This is their latest unique offering.

Commenting on the landmark achievement, Puneet Sharma, a graduate of IIM Lucknow and CEO Whitespace Alpha, said, “It is an exciting time for us at Whitespace Alpha. Getting the Category 1 AIF license to run a Special Situations Fund from SEBI is a testimony to the hard work behind the brand, which has made significant steps in building client wealth and trust.”

About Whitespace Alpha
Currently, Whitespace Alpha manages two funds:

Fund 1 – Equity Plus – Nifty50 Stocks in same proportion as underlying + Our proprietary Market Neutral Options Strategies that return 12% on top of the underlying. Fund Returns around 23-24% CAGR.

Fund 2 – Debt Plus – Fixed Deposits & Liquid Funds as underlying + Our proprietary Market Neutral Options Strategies that return 12% on top of the underlying. Fund Returns around 16-17% CAGR, Monthly Liquidity.

Paras

Recent Posts

Sara Ali Khan Curates and Hosts an Exclusive Wellness and Yoga Retreat on Airbnb

Bollywood actor, fitness and travel enthusiast Sara Ali Khan will for the first time curate…

9 hours ago

On Its 15th Anniversary, The Hans Foundation Launches Swasthya Cities Initiative to Transform Urban Ecosystems by 2030

Commemorating its 15th anniversary, The Hans Foundation (THF) has unveiled the Swasthya Cities initiative, a…

11 hours ago

Saudia Receives ‘Best Airline Cabin Crew’ at Business Traveler U.S. Awards 2024

Saudia, the national flag carrier of Saudi Arabia, has announced that it has been awarded…

11 hours ago

International Filmmaker Mustafa Ozgun to Attend the 10th Khajuraho Film Festival

The 10th edition of the Khajuraho Film Festival will welcome celebrated Turkish filmmaker Mustafa Ozgun,…

11 hours ago

100 Percent Plastic-free Husk Glasses Steal the Spotlight at Beverage Week Delhi 2024

Beverage Week Delhi 2024 not only dazzled attendees with vibrant beverages but also showcased a…

11 hours ago

Galgotias University Hosts QS, THE Chiefs to Evaluate Indian Universities’ Global Rankings, Teaching Reform Strategies

Galgotias University hosted an international conference on "Reshaping Teaching and Learning Paradigms," bringing together thought…

12 hours ago