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Ascalon Capital Managers engages Damien Hatfield, focus on building distribution

Monday, September 01, 2014
Opalesque Industry Update - In a move to enhance sales and distribution capability in Australia and Asia, Ascalon Capital Managers has engaged Damien Hatfield and long-time Triple-A Partners colleague, David Louie.

Ascalon will now have access to a broader contact base, in Australia and Asia, to take their existing stable of six Partner Managers and new funds to these investors.

Mr Rob Lance, Head of Ascalon in Australia, said Damien joining the team is a boost to the business.

“Having one of Australia’s most experienced alternative asset specialists join the Ascalon family leverages our support capability significantly. Damien brings with him a deep understanding of product across the capital structure and very strong investor relationships, both here and abroad, to service our growing portfolio of Partner Managers,” Mr Lance said.

Mr Hatfield has consulted to a significant cross section of the Australian and global investor community, from hedge fund counterparts through to some of the largest institutions in North America and Europe over the last 25 years.

Before establishing his successful consulting practice in 2007, Mr Hatfield was Managing Director of Pengana Managers Ltd, an ASX listed Incubator Company. Prior to Pengana, he was Head of Hedge Funds at Colonial First State where he presided over the launch and management of their Fund of Funds product.

Mr Hatfield began his career in the alternatives space at ANZ McCaughan before joining Deutsche Bank Group where he spent eight years building new businesses in Sydney and Hong Kong. Mr Hatfield was the founding Chairman of the Alternative Investment Management Association, Australia Chapter, and was the first recipient of the Australian Hedge Fund Industry Contribution Award in 2005.

Mr Chuak Chan, CEO of Ascalon Capital Partners based in Hong Kong, said strong support from BT Financial Group was behind extending Ascalon’s reach and creating a diverse investment portfolio across multiple geographies and strategies.

“Damien’s appointment will help us not only provide better distribution for our existing fund managers but also explore and develop strategic options with new external parties,” Mr Chan said. “Ascalon has the skills and track record to successfully partner with quality teams and investment management companies in Australia and the Asian region, providing business support and seed capital which is essential for the development of boutique funds.”

“Ascalon is continuing to grow its suite of investments and we are excited about the pipeline of opportunities which are currently being developed and which Damien’s arrival will enhance,” Mr Chan said.

Ascalon currently has a portfolio of six investment management firms, located in Sydney, Hong Kong and Singapore having recently completed the acquisition of a minority stake in global equity long / short manager, Morphic Asset Management. The group has a mandate to expand partnering with several more managers over the next few years.

Ascalon acquires equity positions in the managers of these funds and contributes to their growth through input to strategy, distribution and product development. The Ascalon group of fund managers have approximately A$3.5 billion in funds under management, with products ranging across long only and long/short equities, diversified fixed income and the event driven space.
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