Whitespace Alpha Secures CAT 1 Special Situations Fund License

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.