Alieus Hedge Fund to Exit India Investors to Get Full Refund Amid Compliance Challenges
New Delhi [India], April 22: Alieus Hedge Fund has announced its formal exit from the Indian market, citing severe compliance and regulatory issues, including bank account freezes, software hacks, and USDT-related fraud involving certain individuals. This step has been taken in alignment with India's financial policies and Reserve Bank of India (RBI) regulations, reinforcing the fund's commitment to global compliance and ethical standards.
Emily Davis, Chief Financial Officer of Alieus Hedge Fund, confirmed:
"All Indian investors will receive full refunds within a 180-day period. The total refund amount will be $50 million USD, covering assets under management, including stocks, cryptocurrencies, and real estate. Refunds will be processed in stages to ensure clarity and transparency amid current global market conditions."
The fund's compliance and governance body has collectively supported the structured closure of its India operations. Alieus Hedge Fund emphasized it will re-enter the Indian market only when a robust and investor-protective regulatory framework is in place.
Despite consistent growth and rising investor participation in India, the firm has chosen to place operations on hold out of respect for sovereign regulations, while continuing its thriving operations in the UK, USA, Australia, and other European nations, under the supervision of Luxembourg RAIF and the Cayman Islands Monetary Authority (CIMA).
As part of its investor-first approach, David Moreau, Chief Investment Officer, announced:
"We will be converting all Indian client equity into our proprietary cryptocurrency, Alieus Coin 2.0 (AHF 2), at a pre-ICO rate of $1 USD per token. Our earlier version, Alieus Coin 1.0 (AHF 1), was completely sold out at $108 USD. AHF 2 will be listed on global exchanges on our first anniversary--September 7, 2025--at a minimum of $2 USD, with an expected price of at least $110 USD over the next three years."
This early allocation of AHF 2 is being made available exclusively to Indian clients who stood by the fund during its early phases. It offers them a significant opportunity to exit at a premium post-listing.
The timeline for refund and token conversion has also been influenced by current global market downturns, which have led to a 50% decline in portfolio valuations. The fund confirmed that all obligations will be honored through phased disbursements.
Ashish Jain, Founder & CMD of Alieus Hedge Fund, remarked:
"The most exciting part is that Alieus Coin 2.0 will be the first hedge fund-backed cryptocurrency in the world. We are merging traditional investment strength with blockchain transparency and setting a new benchmark globally."
Alieus Coin 2.0 (AHF 2) marks a groundbreaking step as the world's first hedge fund cryptocurrency token.
The firm has also initiated legal proceedings against individuals responsible for misconduct, affirming its ongoing commitment to integrity, compliance, and investor security.
For any queries, please contact:
Allison Blake - Media Contact
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
11 minutes ago
- Economic Times
Paytm shares in focus as Antfin plans 5.4% equity stake sale via block deal
Shares of One 97 Communications (Paytm) will be in focus on Tuesday, August 5, as Antfin (Netherlands) Holding B.V. plans to sell 5.4% of its stake in the company through a block deal on Indian stock exchanges. ADVERTISEMENT According to the term sheet, the transaction is valued at Rs 3,803.3 crore (approximately USD 434 million) at the offer floor price. The offer floor price has been set at Rs 1,020 per share, representing a 5.4% discount to Paytm's closing price of Rs 1,078.20 on the National Stock Exchange (NSE) as of August 4. The sale involves up to 3.7 million shares, accounting for 5.84% of the company's total outstanding proposed sale will be executed as a bulk sale via one or more share sales on the screen-based trading platform of Indian stock exchanges. The entire offering is secondary in nature, implying that the company will not receive any proceeds from the deal is being managed by Citigroup Global Markets India and Goldman Sachs (India) Securities, who are acting as the placement agents for the transaction. ADVERTISEMENT Books Open: Around 7:00 AM IST on August 5, with the option to close earlier. Around 7:00 AM IST on August 5, with the option to close earlier. Expected Trade Date: August 5, 2025 (T) August 5, 2025 (T) Expected Settlement Date: August 6, 2025 (T+1) August 6, 2025 (T+1) Lock -up: Not applicable; classified as a clean-up trade Not applicable; classified as a clean-up trade Brokerage & Charges: Buyer to bear 25 basis points, with additional market charges as applicable Buyer to bear 25 basis points, with additional market charges as applicable USD/INR Reference Rate: 87.6525 (Bloomberg rate as of August 4, 2025, 4:00 PM IST) According to the term sheet, no official pricing guidance will be provided until the shares are crossed on the exchanges on August 5. ADVERTISEMENT On Monday, the shares of Paytm closed flat at Rs 1,078.30 on the BSE. Also read: Tata Investment announces first-ever stock split in 1:10 ratio; check details on record date (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
11 minutes ago
- Economic Times
Tata Motors elevates PB Balaji to JLR CEO role in strategic global shift, a first for an Indian
Mumbai: Tata Motors group finance chief PB Balaji will take over as the chief executive of the company's crown jewel, Jaguar Land Rover, on November 17, becoming the first Indian to lead the iconic British automotive brand. At JLR, Balaji will replace Adrian Mardell, who retires after a 35-year tenure at the maker of the Defender and F-Pace SUVs, the last three years of that as its CEO, Tata Motors said Monday. Handpicked by Tata Sons chairman N Chandrasekaran from Hindustan Unilever, Balaji has become an integral figure in the group's transformation efforts since joining Tata Motors in 2017. His appointment reflects the leadership's confidence in his vision and execution capabilities. His move to JLR comes at a pivotal moment for Tata Motors, which is undergoing a major restructuring with plans to demerge its passenger vehicle and commercial vehicle businesses into two separately listed entities. After this transition, the company may no longer require a group chief financial officer, the role that Balaji has been holding since joining the company. His appointment at JLR is seen as a broader corporate realignment at Tata Motors aimed at granting individual businesses greater operational autonomy. "It is my privilege to lead this iconic company," Balaji said. "Over the past eight years, I've come to deeply admire JLR and its exceptional brands. I look forward to the road ahead with optimism and purpose." Financial Architect with Global Acumen Balaji has been associated with Tata Motors for the past many years and is familiar with the company, its strategy and has been working with the JLR leadership team, Chandrasekaran said, adding: "This move will ensure that we continue to accelerate our journey to Reimagine JLR." Under Balaji's financial leadership, Tata Motors reported its highest-ever consolidated revenue of ₹4.39 lakh crore in FY25, with a profit of ₹34,330 crore before tax and 28,149 crore after tax. The company's Indian operations turned net cash positive, with a surplus of 1,018 has been closely associated with Tata Motors' improved capital discipline, cost focus and its growing leadership in electric vehicles-factors that have contributed to a more resilient and efficient began his career as a management trainee at Hindustan Unilever in May 1993, working in supply chain roles for the first decade, followed by finance leadership assignments across the Unilever group. He was vice president - finance for the Americas Supply Chain based in Switzerland, group chief accountant at Unilever's headquarters and chief financial officer at Hindustan Unilever. At the Indian unit of the consumer goods company, he was mentored by D Sundaram, who was then the company's CFO. An alumnus of IIT-Chennai and IIM-Kolkata, Balaji currently serves on the boards of Air India, Titan, Tata Technologies, and Tata Consumer Products. He was the highest-paid executive in the Tata Group in FY25, drawing ₹21.09 crore, reflecting his growing leadership stature within the conglomerate.
Mint
11 minutes ago
- Mint
Q1 results today: Concor, Airtel, Britannia, Lupin, Castrol India, Adani Ports, Eveready earnings on August 5
Q1 results today, on August 5: Concor, Airtel, Britannia, Lupin, Castrol India, Adani Ports and Eveready Industries are among at least 147 companies scheduled to release their earnings report on Tuesday, August 5. Overall, over 900 firms are listed to announce their Q1FY26 results during the week of August 4-9. These include big names such as Aurobindo Pharma, Adani Ports, Bharti Airtel, Ramco, Britannia, Titan, and LIC among others. Investors are keenly watching these for corporate announcements, forward looking statements, revenue outlooks, and share prices, to make calculated investment decisions. At least 147 companies are set to release their Q1 earnings on Tuesday, August 5. These include many public sector (PSU) heavyweights such as Concor, NCC and private marquee companies such as Lupin, Britannia, Airtel, Castrol, Exide, Eveready, Berger Paints and Adani Ports. Firms releasing their earnings today include, Bharti Airtel, Britannia Industries, Adani Ports and Special Economic Zone, Lupin, Bharti Hexacom, Berger Paints India, Prestige Estates Projects, Container Corporation of India, Torrent Power, Gujarat Fluorochemicals, Exide Industries, Gland Pharma, Eris Lifesciences, Gujarat Gas, EIH, Castrol India, Eris Lifesciences, Jindal Saw, NCC, Tega Industries, Godawari Power & Ispat, Transrail Lighting, Zinka Logistics Solutions, Keystone Realtors, Ellenbarrie Industrial Gases, Raymond Realty, and Eveready Industries India, among others. The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open on a cautious note today amid US President Donald Trump's higher tariffs threat, despite upbeat global market cues. The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 24,757 level, a discount of nearly 37 points from the Nifty futures' previous close. On Monday, the domestic equity market ended higher, with the Nifty 50 closing above 24,700 level. The Sensex rallied 418.81 points, or 0.52 per cent, to close at 81,018.72, while the Nifty 50 settled 157.40 points, or 0.64 per cent, higher at 24,722.75. According to Shrikant Chouhan, Head Equity Research at Kotak Securities, the market in the short term is 'weak, but oversold', adding that 'a sharp technical bounce back is not ruled out from the current levels. For day traders, 80,600 and 80,500 would act as key support zones for Sensex, while 81,500 - 81,800 could be the key resistance areas for the bulls.' He however felt that below 80,500, 'the sentiment could change, and traders may prefer to exit their long positions'. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
