Edelweiss Financial Services acquires Forefront Capital Management

NEW DELHI: Edelweiss Financial Services has acquired high net-worth focused asset management firm Forefront Capital Management for an undisclosed amount.

Forefront will now be part of the Edelweiss Group and this will further strengthen and diversify the group's presence in the asset management space, Edelweiss Financial Services said in a statement.

"With this, we will widen and deepen our presence in the Asset Management space and provide additional innovative investment solutions to our clients," Rujan Panjwani, Executive Director, Edelweiss Group said.

Forefront is known for product innovation in the liquid alternatives, he said.

Currently, Forefront manages a wide array of investments focused on the absolute return space, from value oriented equity strategies to multi-asset allocation strategies.