Insynergy Investment Management has teamed up with India’s largest asset management company, Reliance Capital Asset Management, to launch its Absolute India Fund.
The news follows the launch last week of the Insynergy Absolute China Fund, which brings access to the long/short skills of GAM’s Michael Lai.
The Absolute India Fund, which will launch in mid-April, is a Dublin-domiciled Ucits III offering GBP and USD classes.
It will typically hold 20 to 60 positions in total, including 20 to 50 stocks in a long portfolio and zero to 15 stocks in a short portfolio.
Reliance Asset Management (Singapore) will assume the role of sub-manager and oversee the day to day management of the new fund.
The fund gives Reliance investment flexibility to identify and profit from those companies set to be the winners on India’s growth path, as well as its losers.
Spike Hughes, founder and chief executive of Insynergy, 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.”
James Caan (pictured), chairman of Insynergy, adds: “I have always had the greatest respect for Reliance. They have always had a gift for spotting early trends and making successes of them. I am convinced Reliance is the perfect partner for our investors to access one of the greatest investment teams in the world.”
The minimum investment for the fund is GBP2,500 and USD4,000.