R-Cap’s Singapore AMC crosses $1 billion

Mumbai: Reliance Capital Asset Management’s Singapore unit said on Friday its assets under management (AUM) crossed the $1 billion mark in its offshore funds, and said this was likely to double in the next two years. Reliance Capital Asset Management, which is a part of the Anil Ambani group’s financial services firm Reliance Capital Ltd, has a total of around $2 billion in assets under management.