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Reliance Capital Asset Management Singapore (RCAMS) has garnered close to $1 billion in assets under management in its offshore funds. RCAMS is a subsidiary of Reliance Capital Asset Management (RCAM).
“It reinforces our belief that India will continue to be an attractive investment destination for foreign investors. We see these AUMs growing multifold in next few years, and Singapore will play a larger role in expanding our international reach and footprint,” said Sundeep Sikka, CEO, RCAM
RCAMS manages close to $2 billion as assets under management collected from global investors across various funds, with a portfolio of long only, hedge and Shariah-compliant funds.
The company has plans to double its AUM from international operations in the next three years, and the AUMs in Singapore are likewise expected to double in the next two years, said a release from the company.
RCAM Singapore is the hub for RCAM’s international operations and offers a well-rounded portfolio of Fixed Income, Equity and Alternate funds to its overseas investors.
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