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Alternative Market Briefing

How Australian long/short manager Morphic got seed investment from Ascalon

Thursday, January 29, 2015

amb
Jack Lowenstein
Benedicte Gravrand, Opalesque Geneva for New Managers:

In August 2014, Ascalon Capital Managers acquired a 35% minority stake in Sydney-based Morphic Asset Management. Ascalon also invested $30m in Morphic’s global long/short hedge fund.

Also based in Sydney, Ascalon Capital Managers is a 100% owned subsidiary of Westpac Banking Corporation. The firm forms long-term partnerships with boutique fund managers in Asia Pacific that specialize in high conviction or absolute return strategies.

It currently has a portfolio of six investment management firms (Alleron Investment Management, Arkx Investment Management, Above the Index Asset Management, Athos Capital Ltd, Regal Funds Management, RV Capital Management), located in Sydney, Hong Kong and Singapore, on top of the recent acquisition of a minority stake in Morphic. The Ascalon group of fund managers have approximately A$3.5 billion (US$2.7bn) in funds under management, with products ranging across long only and long/short equities, diversified fixed income and the event driven space. Ascalon has a mandate to expand partnering with several more managers over the next few years.

The Morphic Global Opportunities Fund was launched in August 2012 by Jack Lowenstein and Chad Slater, former colleagues at Hunter Hall Investment Manag......................

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