Key Takeaways
- • InCred Alternative Investments launched InCred Liquid Alternative Fund-I, a Category III open-ended Alternative Investment Fund (AIF) targeting commitments exceeding Rs. 1,000 crore, marking the firm's entry into long-short equity strategies.
- • Fund employs quantitative, model-driven approach combining futures long-short, relative value, and index strategies across multiple time horizons, with Rishi Kohli (Managing Partner & CIO of Hedge Fund Strategies) managing the scheme.
- • Long-short strategy positions the fund as alternative to debt instruments, aiming to generate risk-adjusted returns across market cycles while offering institutional investors exposure to a strategy combination the manager characterizes as unique in the Indian market.
- • Launch follows InCred's broader alternatives expansion, with Founder & Group CEO Bhupinder Singh signaling additional quant strategy launches ahead as the firm scales its alternatives platform beyond its established credit fund business.
Summary
InCred Alternative Investments has launched its inaugural long-short equity fund, InCred Liquid Alternative Fund-I, as a Category III open-ended AIF with a targeted commitment of over Rs. 1,000 crore. The fund represents a strategic expansion into quantitative hedge strategies for a firm previously focused on alternative credit opportunities.
The fund's investment approach combines three distinct strategies: futures-based long-short positioning, relative value trades, and index-based strategies deployed across varying time horizons. According to Rishi Kohli, Managing Partner and Chief Investment Officer of Hedge Fund Strategies at InCred Alternative Investments, this blend is designed to be "unique in the market" and positions the product as a compelling alternative to traditional debt fund offerings. The quantitative, model-driven framework aims to generate positive risk-adjusted returns across market cycles, including periods of volatility and stress.
Bhupinder Singh, Founder and Group CEO of InCred, framed the launch as the first of multiple quant-driven strategies under development at the firm. This signals InCred's intention to build depth in systematic, alternative investment capabilities beyond its existing credit-focused platform. The appointment of Kohli—an established voice in hedge fund strategy architecture—underscores management's commitment to technical credibility in the long-short space.
The timing and positioning reflect institutional demand in India for sophisticated alternatives that offer absolute return profiles independent of traditional equity or debt market direction. By emphasizing quantitative rigor and multiple strategy layers, InCred aims to attract institutional capital seeking diversification and downside mitigation within the growing alternatives ecosystem.
The fund's investment approach combines three distinct strategies: futures-based long-short positioning, relative value trades, and index-based strategies deployed across varying time horizons. According to Rishi Kohli, Managing Partner and Chief Investment Officer of Hedge Fund Strategies at InCred Alternative Investments, this blend is designed to be "unique in the market" and positions the product as a compelling alternative to traditional debt fund offerings. The quantitative, model-driven framework aims to generate positive risk-adjusted returns across market cycles, including periods of volatility and stress.
Bhupinder Singh, Founder and Group CEO of InCred, framed the launch as the first of multiple quant-driven strategies under development at the firm. This signals InCred's intention to build depth in systematic, alternative investment capabilities beyond its existing credit-focused platform. The appointment of Kohli—an established voice in hedge fund strategy architecture—underscores management's commitment to technical credibility in the long-short space.
The timing and positioning reflect institutional demand in India for sophisticated alternatives that offer absolute return profiles independent of traditional equity or debt market direction. By emphasizing quantitative rigor and multiple strategy layers, InCred aims to attract institutional capital seeking diversification and downside mitigation within the growing alternatives ecosystem.
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