Launches & Closures

New India arbitrage strategy from MOFS


Mumbai-based Motilal Oswal Financial Services (MOFS) has rolled out an India focused multi-strat arbitrage strategy it has been running for the past year and a half, as a standalone fund.

Domiciled in Mauritius, the Athena India Fund is one of the very few funds in the India arbitrage space and is aimed at capitalising on the rapidly evolving equity derivatives market in India.

The strategy was seeded as a proprietary separate account by MOFS with $50 million in May 2008. Since then it has generated positive returns every month despite the challenging market environment, being up 11.82% in 2008 and