Alternative Investment Fund
Mauritius domiciled alternative investment fund designed for investors seeking differentiated market exposure across multiple investment approaches.
Multi-Strategy
Investing Across
Global Markets
Ace of Spade Fund PCC focuses on US Equity Index Options, International Equity Long-Only strategies, and select fund allocations — with an emphasis on active portfolio management, disciplined investing, and multi-asset exposure.
Three Complementary Investment Strategies
Investors can access US equity index options strategies, international equity strategies, and select fund allocations within a professionally managed fund architecture.
Adaptive & Opportunistic Investing
Combining trading, portfolio allocation, and opportunistic investing through a dynamic investment approach.
Why Ace of Spade Fund
Better outcomes come from combining different approaches.
We believe successful investing is not about relying on a single strategy. Markets evolve, and portfolios should evolve with them. Ace of Spade Fund brings together differentiated investment strategies within one regulated platform, giving investors access to diversified sources of return through a disciplined, risk-aware investment approach.
Fund Structure
Built on a regulated and globally recognised investment architecture.
Designed to support diversified market participation, segregated strategies, and multi-strategy fund operations within a unified platform.
A Recognised International Financial Centre
Mauritius has developed into a globally recognised financial jurisdiction with a stable regulatory framework, strong banking ecosystem, and efficient access to world markets.
International Investment Structure
The Global Business Licence framework allows the fund to access Multi-Market Opportunities across exchanges, asset classes, and investment approaches through a recognised worldwide investment structure.
Segregated Structure. Independent Strategies.
The Protected Cell Company architecture ring-fences each strategy and investor class separately — supporting operational segregation, asset protection, and structural clarity.
Our Strategies
Curated investment opportunities for evolving market environments.
Multiple investment approaches. One integrated investment platform. Built to navigate evolving market environments.
US Equity Index Options
Derivatives strategies focused on volatility opportunities, income generation, and disciplined portfolio management.
Learn MoreInternational Equity Long-Only
Adaptive long-only investment strategy combining direct market participation with strategic allocations across equities and alternative assets.
Learn MoreFund of Funds
Diversified allocations across external managers and alternative strategies to broaden investment exposure.
Learn More
How We Invest
Structured Investing
Structured Investing
Intelligent Allocation.
Allocating capital across differentiated strategies to capture opportunities while maintaining a structured investment approach.
Core Investment Attributes
Independent Approaches
Independent Approaches
Unified Platform.
Combining operational flexibility with a professionally managed investment structure.
Portfolio Allocation
Strategic allocation of capital across investment opportunities based on market conditions and risk considerations.
Multiple Strategies
Complementary investment approaches designed to diversify sources of return.
Active Management
Continuous monitoring and portfolio adjustments to respond to evolving market conditions.
Institutional Governance
Independent oversight, operational controls, and a professionally managed investment structure.
Where Active Management Meets
Global Opportunity
Ace of Spade Fund PCC offers differentiated investment strategies across derivatives, international equities, and diversified fund allocations — with a focus on active management, disciplined execution, and strategic oversight.
US Equity Index Options
Derivatives-focused strategies designed to capture volatility opportunities, generate income, and manage portfolio risk through disciplined execution.
Key Focus:
Options
Volatility
Risk Management
Income Generation
Explore Options Strategy
Global Equity Long-Only
Positioning capital across global equities, ETFs, and alternative assets through an adaptive long-only trading approach.
Key Focus:
Global Equities
ETFs
Active Allocation
Liquid Markets
Explore Equity Strategy
Fund of Funds
Access multiple specialist managers through a single portfolio designed to broaden diversification across strategies and markets.
Key Focus:
External Managers
Diversification
Multi-Strategy
Worldwide Exposure
Explore Allocation Framework
Structured Investing.
Active Execution.
Our investment approach combines active market participation, multiple strategy formats, and diversified international exposure.
Active Investing
Participating in market opportunities through trading and portfolio allocation.
Multiple Strategies
Different investment approaches across equities, derivatives, and fund allocations.
Global Opportunities
Exposure across global markets and liquid investment instruments.
Strategic Oversight
Disciplined governance, risk monitoring, and portfolio oversight.
Experienced Judgment.
Disciplined Execution.
The individuals responsible for strategy design, risk oversight, and day-to-day portfolio management at Ace of Spade Fund PCC.
Co-Founder
Over 18 years of experience in financial markets, specialising in investment management, portfolio construction, and trading strategy development. Prior to co-founding Ace of Spade Fund PCC, he led a licensed proprietary trading and brokerage firm in Dubai, managing discretionary mandates for institutional and high-net-worth clients with assets exceeding USD 100 million.
His expertise spans equities, derivatives, commodities, and currencies, with an emphasis on disciplined capital allocation and risk management across changing market conditions.
Co-Founder
Over 16 years of institutional banking experience across leading regional and multinational banks in the UAE, advising financial institutions across Asia Pacific, the GCC, Europe, and the Americas. Deep expertise in transaction banking, treasury solutions, structured finance, and portfolio risk management.
At Ace of Spade Fund PCC, Kunaal provides strategic leadership across the firm's investment platform, governance, and institutional relationships.
Governance & Oversight
Governance &
Governance &
Oversight Structure
Ace of Spade Fund's governance separates investment decision-making from independent oversight and administration — set out below.
Board of Directors
- Alok Gandhi
- Kunaal Bhatia
- Yuveena Mungra
- Ashwanee Ramsurrun
Regulatory Standing
- Established in 2023
- Public Limited Liability Company incorporated in Mauritius under the Companies Act 2001
- Structured as a Protected Cell Company in compliance with the Mauritius Protected Cell Companies Act 1999
Fund Administrators
ONS Finserv Limited.
Auditor
NJC Associates, Mauritius.
Fund Performance
Monthly NAV &
Monthly NAV &
Performance
| Month | NAV | Performance |
|---|
Fund Documents
Fund Documents
Private Placement MemorandumFund-level · PDF
Cell 1 – Supplemental Private Placement MemorandumCell 1 · PDF
Cell 1 – Strategy & Structure OverviewCell 1 · PDF
Cell 2 – Supplemental Private Placement MemorandumCell 2 · PDF
Cell 2 Series A – Strategy & Structure OverviewCell 2 · Series A · PDF
Cell 2 Series B – Strategy & Structure OverviewCell 2 · Series B · PDF