MUMBAI (Reuters) – Billionaire banker Uday Kotak’s eponymous group will combine its alternate fund management and investment advisory businesses into an entity with $18 billion under management, it said on Thursday.
The entity, to be named Kotak Alternate Asset Managers (KAAM), will include $8.9 billion in alternate investment funds and the advisory business with $9.1 billion under management.
(Reporting by Ira Dugal and Bhakti Tambe; Editing by Sohini Goswami)
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