Latest news with #PiyushShah
Time of India
20-05-2025
- Business
- Time of India
ASK Hedge Solutions' Absolute Return Fund crosses Rs 1,500 crore in AUM; details here
ASK Hedge Solutions , part of the Blackstone-backed ASK Asset & Wealth Management Group, has achieved a significant milestone with its ASK Absolute Return Fund surpassing Rs 1,500 crore in Assets Under Management (AUM). Launched in February 2024, with a minimum investment requirement of Rs 1 crore, the fund has gained traction among investors seeking superior risk-adjusted returns . Since its inception, the fund has generated impressive returns, outperforming other liquid fixed-income alternatives from a 12-month perspective, according to a press release. Also Read | Over 260 debt mutual funds beat fixed deposits rate in 2 years. Should you switch? Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo The ASK Hedge Solutions team continues to lead the charge in promoting Category III Alternative Investment Funds (AIFs) in India, offering compelling opportunities for investors across the risk spectrum. The ASK Absolute Return Fund, designed as a conservative multi-strategy long-short fund with a primary focus on capital preservation, is particularly suited for investors with a moderate risk appetite who seek to capitalise on the fund management team's skill set to outperform traditional fixed income alternatives. Live Events 'We are delighted to announce that ASK Absolute Return Fund has surpassed the Rs 1,500 crore AUM milestone , a testament to the consistent performance of the strategy and the trust placed in us by our investors and distribution partners,' said Vaibhav Sanghavi, CEO, ASK Hedge Solutions 'As early movers in this category, we take pride in having pioneered a differentiated approach, and this achievement underscores the strength of our investment philosophy and the enduring confidence of our stakeholders. Alternates present a significant opportunity in India, and we are well-positioned to capitalise on it,' he added Also Read | Franklin Templeton India Mutual Fund announces merger of its two international funds, to change name of surviving schem ASK Hedge Solutions launched its second fund – an index-plus strategy in December last year. 'Our focus on consistency with capital preservation has aided in delivering the industry-leading performance. It is our constant endeavour to add value to investors' portfolios by offering various 'Risk-Adjusted Returns,' said Piyush Shah, CIO, ASK Hedge Solutions.
Time of India
19-05-2025
- Politics
- Time of India
Surat's ‘Turkeywaad' faces identity shift
Surat: Amid a growing nationwide call to boycott Turkish goods and trade, an unusual demand has emerged in Surat — to rename the centuries-old locality known as Turkeywaad with a name that reflects Indian culture, heritage, and national pride. Several citizen groups and organisations have submitted formal representations to Surat Municipal Corporation (SMC), urging the name change. The area, known as Turkeywaad, has historical roots dating back over 300 years. It was originally inhabited by Turkish traders and citizens who frequented Surat and settled in this locality. In a letter to the SMC, Piyush Shah, founder-president of Shri Jinajna Seva Trust, stated: "This request is made in the interest of national self-respect , cultural identity, and in response to Turkiye's recent anti-India stance. Surat, the heart of Gujarat and an economic-cultural hub of India, has always been a symbol of patriotism. However, the name 'Turkeywaad' undermines the dignity of the city and pride of the nation, especially after Turkiye openly supported Pakistan during the 2025 India-Pakistan conflict." Shah further added, "Renaming the area will honour the sentiments of Surat's citizens and reaffirm India's self-respect. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Her body cannot endure this level of pain; please help her. Donate For Health Learn More Undo " Dinesh Navadiya, national treasurer of the VHP and president of the Indian Diamond Institute (IDI), told TOI: "At a time when national unity and patriotism are on the rise, names that do not reflect our cultural values should be changed immediately. Such names are a blot on a city like Surat. We will petition the government to remove such names from all official records." When asked how the SMC plans to handle the demand, Surat mayor Dakshesh Mavani told TOI: "I have come across this demand through social media and other platforms. I will take it up at the party level, as such decisions cannot be taken unilaterally." Providing historical context, Surat-based historian Sanjay Choksi explained: "Surat has long been an international port connected to 84 global ports. People from many countries settled in designated areas here. Turkeywaad was one such area where Turkish traders resided. Japanese researcher Professor Hiromu Nagasima, who has visited Surat more than five times since 2005, documented a 'Turkey Sarai' in his study of the port city, where pilgrims and Turkish nationals stayed. This history goes back to the 17th century."
