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Lares Alpha Scheme (IN/AIF3/13-14/0103) is a SEBI-registered Category III AIF managed by Lares Softech Private Limited — a quant-based proprietary trading, algo trading, and hedge fund management firm headquartered in Delhi NCR (Noida, Uttar Pradesh), with offices in Singapore and Dubai. Lares Softech was established in 2006 (some sources indicate the founder began in 2009) by Maya Sharan Singh, an entrepreneur and pioneer of algo trading in India. Mr. Singh holds a postgraduate degree from IIM Nagpur in Finance and Technology. The firm later rebranded to 'Lares Algotech' and 'Lares Fintech' across different business lines. SEBI registration: March 2014 — one of India's earliest Cat III AIFs. Email: info@lares.co.in. The firm claims offices and trading operations around the clock globally, and a team that grew over time. Lares Softech is also listed on Preqin as a hedge fund manager established in 2006 headquartered in Noida, Uttar Pradesh, using automated algorithms and quantitative trading. In December 2022, Lares Fintech announced partnering with large fund houses for INR 100 crore in assets.
Lares Alpha Scheme aims to bring out positive results by mixing sell-side trading strategies with buy-side quant strategies. The fund concentrates on prospects that offer risk-adjusted returns, strict compliance, disciplined due diligence, a professional team approach with operations and investment partners, and use of creative, efficient, and customized solutions. The investment philosophy is based on patience, integrity, and an exclusive business model applying operational and financial resources across five major investment strategies: direct investments, merger arbitrage investments, credit investments, direct investment related investments, and HFT/quant trading. The fund uses financial engineering and mathematical models to execute investment strategy, helping Lares move quickly by exploiting opportunities across multiple markets. Lares Alpha Scheme reduces risk and volatility while attempting to deliver positive returns and preserve capital under all market conditions. Core services: market making, quant trading, liquidity provision, prop desk, and fund management.
Maya Sharan Singh
Founder & Director
Maya Sharan Singh is the Founder and Director of Lares Softech Private Limited (also known as Lares Algotech and Lares Fintech). He is a pioneer of algo trading in India and holds a postgraduate degree from IIM Nagpur in Finance and Technology. Previously worked as Assistant Branch Manager at Indiabulls dealing in equity and derivatives instruments. He began his entrepreneurial journey to combine human intellect with artificial intelligence for investment management. Under his leadership, Lares grew from a startup to a multi-million dollar business with global presence.
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