Mr Dhiraj Agarwal
Fund Manager
Dhiraj Agarwal possesses an extensive career spanning over three decades within the equities markets. His recent transition to Ambit Investment Managers Pvt Ltd. follows his successful tenure as co-head at Ambit Institutional Equities.Commencing his journey as a Research Analyst at SSKI, a prominent institutionalbrokerage house during the 90s, Dhiraj's trajectory led him to spearhead theInstitutional Equities division and co-found the pioneering online retail brokerageventure, Sharekhan.Between 2003 and 2006, Dhiraj capably managed the India Long-Short fund incollaboration with Boyer Allan, showcasing his acumen in the field. Thisexperience significantly informs his present role, as his insights and expertisecontribute to Ambit 365's framework, rooted in historical cycles and bolstered byrefined risk management practices to navigate the evolving market landscape.Dhiraj's worldview is deeply entrenched in the recognition that life operates incycles - a perspective exemplified by the rise and fall of fashion trends, andanalogous to the financial market's cyclic patterns, as expounded in CharlesKindleberger's "Manias, Panics and Crashes."Central to his investment management approach at Ambit 365 is the Sine Curveframework, reflecting Dhiraj's belief that investing and comprehending marketcycles are both art and science. His alignment with Howard Marks' notion in"Mastering the Market Cycle" underscores his understanding that prices respondto both fundamentals and psychology.Beyond studying the market- cycles, Dhiraj's passions extend to fitness and music.He believes in learning a new skill every few years. An avid reader, his reading list spreads over a wide array of genres- asdemonstrated by his recent enjoyment of "The Prince Musician," a biographydelving into the life of music luminary S D Burman. Intriguingly, Dhiraj draws aparallel between the harmonic structure of music waves and the cyclic nature ofmarkets - a perspective that encapsulates his holistic outlook.
