Ashburton Investments, the asset management arm of the FirstRand group and IIFL Asset Management (IIFL AMC), has announced plans to merge its $120m India Equity Opportunities fund with the IIFL India Equity Opportunities fund, subject to all regulatory and board approvals.
Investors can continue to access the fund as normal and no action is required from existing investors, the group said. The new combined fund will continue to be managed by Ashburton's CIO (International)...
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