The news follows last week’s launch of the Insynergy absolute China fund, which accesses the long/short skills of GAM’s Michael Lai.
Reliance Asset Management (Singapore) is the entity within Reliance that will assume the role of sub-manager to oversee the day to day management of the new new fund which will focus on delivering growth.
The Reliance ADA Group is a Fortune 500 conglomerate lead by Anil Dhirubhai Ambani and operates businesses ranging from communications, power, infrastructure, financial services, media & entertainment, and energy. The group owns RCAM, India’s largest asset management company which manages funds in excess of £19.7bn as at January 29.
Insynergy founder and CEO 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.