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B. G., Opalesque Geneva: Spouting Rock Asset Management, LLC, a multi-boutique manager platform in Philadelphia, has just agreed to acquire a majority position of investment manager Reinhart Partners, Inc in a bid to grow its platform of alpha-generating managers. The transaction will take place over a period of two years. The first closing is expected to occur during Q1-2023.
"Spouting Rock is in the midst of a period of strategic expansion as we look to grow our platform of forward-thinking investment solutions," says Marc Brookman, CEO of Spouting Rock. "We think now is a great time to acquire stakes in boutique alpha-generating managers like Reinhart, despite the challenging market environment. We firmly believe in the long-term growth potential of these types of asset managers, including long-only and alternatives."
Founded in 2018, Spouting Rock is a multi-boutique manager platform providing alternative, traditional and thematic investment solutions and services to sophisticated investors, financial professionals and institutions. It is located outside of Philadelphia, Pennsylvania. Spouting Rock has grown its platform substantially in the past few years, most recently forming a ...................... To view our full article Click here
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