Quantitative investment firm Shaan Patel Asset Management (SPAM) is making its presence felt in India's growing alternative investment sector. According to the firm, it currently manages assets worth around Rs 36 crore and runs its operations under the regulated Alternative Investment Fund (AIF) regime.
The firm was founded in December 2024.
Shaan Patel, a 22-year-old founder from Gujarat, launched the firm and has since gained recognition as one of the youngest fund managers in the country with the creation of his quantitative investment platform.
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Who Is Shaan Patel?
As the Founder and Chief Investment Officer of SPAM, Patel oversees the asset management company, which operates a SEBI-registered Category III Alternative Investment Fund (AIF) aimed at generating long-term wealth through data-led investment strategies.
The fund has been launched with a focus on combining quantitative analysis with traditional fundamental research. According to Patel's LinkedIn profile, the strategy relies on a blend of algorithmic models, artificial intelligence and advanced data science techniques alongside conventional financial analysis to identify promising opportunities in equity markets.
“I launched the AIF to bridge quantitative precision with fundamental conviction. Our approach integrates algorithmic models, artificial intelligence, and advanced data science with deep financial research to identify market-defining opportunities,” his LinkedIn bio reads.
His academic background reflects the technology-led approach the firm is pursuing. Patel holds a BSc in Finance and Investment from Loughborough University, where he focused on portfolio management, and has also completed two MSc degrees in Data Science and Artificial Intelligence.
“This cross-disciplinary foundation across our team enables us to spot and back high-growth potential in sectors like AI, FinTech, and Renewable Energy etc.,” he says.
Shaan Patel Asset Management follows a concentrated investment strategy, backing a limited number of companies in which it holds high conviction. Patel said the goal is to create thoughtfully constructed portfolios supported by data-driven insights, to deliver sustainable long-term value for investors.
According to an ANI report, Patel initially started experimenting with his trading models in September 2023, deploying proprietary capital to test them in real market environments. Over an 18-month period, the strategies were adjusted and improved, eventually shaping the firm's current quantitative investment system.
The company states that it later received regulatory clearance from the Securities and Exchange Board of India (SEBI) in March 2025 to operate as a Category III Alternative Investment Fund (AIF), a category that permits the use of advanced trading techniques such as algorithmic and quantitative strategies.
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