Edelweiss Wealth Management launches long-short AIF Scheme

Mumbai, Feb 7 : Edelweiss Wealth Management has launched an equity focused long-short Alternative Investment Fund (AIF) scheme, ‘Edelweiss Dynamic Growth Equity’ (EDGE) Fund.
The fund has a minimum investment amount of Rs 1 crore and is likely to raise around Rs 1,000 crore.
An open-ended, Category-III AIF, the fund will capitalise on market dynamics by participating in both long and short side opportunities, with an aim to generate consistent returns over the long term while managing volatility, said an Edelweiss Wealth Management statement.
EDGE will invest primarily in instruments like cash equities, stock and index derivatives including futures and options.
“The fund will follow a target-based investment approach and employ complementary strategies to smoothen returns across market cycles while limiting drawdowns during periods of extreme volatility,” it said.
These strategies enable the fund to stay aligned to equity markets, capitalise on long and short side opportunities while harnessing the power of derivatives to generate alpha on the portfolio.