Successful fund managers will eventually set up own AMCs: Sunil Singhania

The mutual fund industry has seen a spate of exits of star fund managers. The trend will continue says Sunil Singhania, who quit Reliance Mutual Fund, to set up Abakkus Asset Manager. In an interview to Samie Modak during CFA Society’s third India Wealth Management Conference, says running a hedge fund allows more flexibility to manage money sophisticated money. Edited excerpts:

We have seen big MF names quit the industry at a time when the growth has been robust. Are there better opportunities in the AIF space?
 

The asset management industry has seen rapid growth in India. However, my view