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Mumbai Financial Services Firm Acquires Alternative Investment Company

Vanessa Doctor

5 May 2014

is for an undisclosed amount and is meant to provide "additional investment solutions" for Edelweiss' clients, according to a statement. 

Forefront, founded by Radhika Gupta, Nalin Moniz and Anant Jatia, currently manages investments on the absolute return space, offering both alternative and traditional products. It has around 200 clients that include corporate treasuries, promoters, executives and single family offices across 12 cities in India. 

Moniz and Gupta will continue to lead and manage the business after the acquisition, while Jati will join his family business.