Insynergy Investment Management has signed an exclusive investment management agreement with Reliance Capital Asset Management to launch an absolute India fund.
The news follows the launch of the Insynergy absolute China fund, which uses the long/short skills of GAM’s Michael Lai.
Reliance Asset Management (Singapore) will take on the role of sub-manager to oversee the day-to-day management of the new fund which will focus on delivering growth.
The Reliance ADA Group is a Fortune 500 conglomerate led by Anil Dhirubhai Ambani and operates businesses ranging from communications, power, infrastructure, financial services, media & entertainment, and energy.
The group owns RCAM, which is India’s biggest asset management company, manging funds in excess of £19.7bn as at January 29.
Insynergy founder and chief executive officer Spike Hughes says: “I am delighted that Reliance has chosen to partner with Insynergy.
The RCAM fund management team is considered the best in India. Their leadership of the mutual funds business, allied to the sheer reach Reliance has in India, has delivered a phenomenal result that UK investors can now access via Insynergy.;