Amritsar, NFAPost: Asset management company True Beacon has signed a strategic partnership with Ambit Global Private Client, the company said today.
This partnership will enable Ambit to distribute the initial fund, True Beacon One, that has outperformed the NIFTY 50 by nearly 27% over the last year.
“Ambit brings decades of experience in capital markets and complements True Beacon’s existing offerings. As we at True Beacon celebrate our first anniversary, and our flagship Category III AIF product’s performance, it was a natural progression for us to join hands with a reputable partner who will help us scale our efforts domestically and globally,” said Nikhil Kamath, Co-founder and Chief Information Officer at True Beacon and Zerodha.
Mumbai-based Ambit offers a combination of products and solutions to its client base of high net worth individuals, family offices and corporates. It also has international offices in Singapore and New York.
“In True Beacon, we have found a strong partner with an impressive track record in alternative investment products and are confident that this partnership will yield cost-efficient and fruitful results for our clients”, Ambit Global Private Client Chief Executive Officer Amrita Farmahan said.