Edelweiss, Forefront Raises $100 Mn

<p>Forefront Capital has raised over $100 million from domestic and global investors within 15 months of acquisition by Edelweiss Group.<br><br>Forefront is the fastest growing player in the listed alternatives space in India, a category which has gained significant interest since SEBI issued the Alternative Investment Fund Regulations in 2013. Forefront Capital is the Multi-Strategy Funds business of Edelweiss’s Global Asset Management, a $ 4.5 Bn asset management business.<br><br>Forefront Capital’s flagship fund, Forefront Alternative Equity Scheme has completed a year of performance and is a market leader in the Category III AIF space. The main differentiating factor about this fund has been its risk adjusted performance.&nbsp; It has delivered positive returns during volatile market conditions as the Nifty has fallen from 9000 to 7700 in the last six months.<br><br>Radhika Gupta, Business Head, Forefront Capital, said, “Our risk adjusted performance has been extremely strong and this alternative approach to equities has been much appreciated by clients. We have continued to take our offerings to domestic private banks and are now expanding our reach to global private banks.&nbsp;&nbsp; In the next 2 years we look forward to becoming India’s most dominant player in the listed alternatives space with a continued focus on superior risk adjusted returns, catering towards both domestic and global investors.”<br><br>(BW Online Bureau)</p>