Tue, Dec 23, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

INSYNERGY teams up with Reliance Asset Management to launch its Absolute India Fund

Friday, February 26, 2010
Opalesque Industry Update - INSYNERGY Investment Management today announces the signing of another exclusive investment management agreement, bringing the talent and expertise of India’s largest asset management company – Reliance Capital Asset Management Limited (RCAM) - to the marketplace for the very first time.

The news comes hot on the heels of the announcement only last week of the launch of the INSYNERGY Absolute China Fund, which brings exclusive access to the long/short skills of GAM’s Michael Lai.

India and China share many characteristics. Both are, by any measure, huge countries - rapidly expanding for decades, and which are forecast to continue doing so. When compared with the anaemic growth rates predicted for the West, they clearly benefit from a strong economic tailwind. In both countries there is a myriad of opportunities and inefficient stock markets that can be exploited by a skilled stock picker. Despite these obvious attractions, UK investors have however had few ways of accessing either China or India until now. This is why INSYNERGY has chosen to simultaneously meet the unmet needs of investors with two exciting launches in rapid succession.

Reliance may be little known in the UK, but they are truly a household name in India. The Reliance ADA Group, a Fortune 500 conglomerate lead by Anil Dhirubhai Ambani (the 6th richest man in the world), 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 USD 30 billion (as of 29 January 2010).

The reach this gives the fund managers at Reliance is unsurpassed. It provides the Company with access to a wealth of information at all levels of Indian society and has enabled them to deliver exceptional investment performance. Since launching the Reliance Growth Fund in 1995, the Company has delivered 2777.38%, compared to 338.85% from the India BSE 100 and just 136.09% from the FTSE All Share and 87.26% for the MSCI Global Index*.

Reliance Asset Management (Singapore) Pte. Limited (RAMS) is the entity within Reliance that will assume the role of sub- manager, appointed by INSYNERGY to oversee the day to day management of the new Fund^. The Fund will have a clear focus to deliver growth. The Fund gives Reliance maximum investment flexibility, to identify and profit not only from those companies set to be the winners on India's relentless growth path, but its losers too. In giving Reliance the power to synthetically short stocks, they have the tools to outperform across the market, to smooth some of the bumps along the way, and to deliver outstanding performance.

Spike Hughes, founder and CEO of INSYNERGY said, “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.

“I have spent a lot of time in India during the due diligence process and have seen for myself the way in which Reliance permeates Indian society and business. It is woven into the very fabric of India and I am immensely excited over the investment prospects in this market. With a population in excess of one billion people, and expanding rapidly, successful businesses have practically unlimited growth opportunities. In addition, companies in India are blessed with large, cheap and increasingly skilled labour pools, giving them a significant cost advantage.“

INSYNERGY first brought the legendary Crispin Odey to UK investors. Followed by the recent announcement of their partnership with the GAM China team, INSYNERGY firmly believes that investors should increasingly think about the almost inevitable growth journey these nations represent. Can anyone really afford to be out of India or China on a medium-term investment horizon?

James Caan, Chairman of INSYNERGY said, “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.” -KM- Corporate website: Source

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. North America - Why Steve Cohen, Connecticut hedge fund billionaire, gives so much in New York[more]

    From Insidephilantrophy.com: Billionaire Steve Cohen was born in Great Neck, New York before attending Wharton, working on Wall Street and then founding SAC Capital Advisors in Connecticut. Though his company (Point72) and foundation are based in Connecticut, Cohen and Alexandra are deeply connected

  5. Investing - Soros buys a highly speculative biotech in the third quarter[more]

    From Fool.com: …The Soros Fund bought 25,000 shares of the struggling small-cap biopharma Aegerion Pharmaceuticals in the third quarter. For those of you who haven't heard of this name, suffice to say that this was a surprising buy in light of the company's recent problems and poor outlook going for