Quant Mutual Fund’s decision to invest in the Adani Group has sparked a debate in the investment community about its strategy. While Quant has exited its holdings in the group as per sources, the fund’s returns have been impacted. Will Sandeep Tandon and his team be back on track to deliver one of the highest alphas in the industry?
Sandeep Tandon, the CEO and founder of Quant Mutual Fund, is in the eye of a storm. The fund house took two unusual bets that have come to haunt him. It took exposure to Adani Enterprises and Adani Ports through various schemes which initially helped with the outperformance but crashing stock prices has taken a toll on schemes. While the fund house exited Adani Enterprises in September, it had held on to Adani Ports until December at least. Over
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