Wright Research launches Quant-based PMS with a minimum ticket size of Rs 50 lakh
Wright Research, a SEBI Registered Investment Advisor (RIA) and retail robo-advisory platform has launched a Quant-based Portfolio Management Services (PMS). In a statement, Wright Research said the new PMS will use AI algorithms to find and make the most of market irregularities and inefficiencies.
“This data-driven, factor-based cutting-edge strategy aims to deliver superior, and consistent returns over time,” it said.
According to the statement, Wright Research is managing Rs 300 Crore+ Assets Under Advisory (AUA) under SEBI RIA licence. The advisory firm is known for providing high-momentum investment recommendations. In order to provide data-driven results through factor investing, the firm has forayed into Portfolio Management Services (PMS) to strengthen the company’s position.
The PMS will offer service typically reserved for elite investors with a minimum ticket size of Rs 50 lakh and provide a basket of 20-30 diversified stocks. To stay competitive with the market, Wright Research will offer a tactical portfolio that will be rebalanced monthly.
The PMS will try to blend the power of advanced mathematical models and artificial intelligence (AI) to navigate the complexities of the financial markets. In the PMS structure, Wright Research will add an added layer of optimal trading to cutting-edge research.
The PMS will be managed by Sonam Srivastava, an IIT Kanpur Alumnus who has also pursued her master’s in financial engineering from Worldquant University. Srivastava is a recognized researcher in the field of machine learning in finance and quantitative investing with an experience of over 10+ years in Quantitative research and portfolio management working on systematic strategies, algorithmic trading, long-short
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