Ascalon increases stake in H3 Global advisors

fund-manager/chief-executive/

5 February 2010
| By Mike Taylor |
image
image image
expand image

Westpac-owned boutique funds management incubator Ascalon Capital Managers has acquired another 15 per cent stake in absolute return fund manager H3 Global Advisors, increasing its overall equity to 45 per cent.

“We have been extremely pleased with our investment in H3 Global and this further increase in our equity stake reflects our confidence in H3 Global’s ability to continue outperforming despite volatility in some key markets,” said Ascalon chief executive Andrew Landman.

“The growing impact that H3 Global is making on the investment sector has been acknowledged by its invitation to attend the prestigious Goldman Sachs Global Macro and CTA Hedge Forum now underway in New York, where [H3 Global principal] Mathew Kaleel is the only boutique fund manager in the Asia Pacific region who will address delegates,” Landman said.

H3 Global, which was also named winner of Standard & Poor’s Emerging Fund Manager of the Year in November 2009, has increased its funds under management by more than 50 per cent to approximately $250 million and expects to raise additional funds under management in coming months, the company said.

H3 Global Advisors is one of seven boutique funds management firms partnered by Ascalon.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

5 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

5 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

7 months 2 weeks ago

The RBA has handed down its much-anticipated rate decision, following widespread expectations of a close call....

5 days 4 hours ago

The FSCP has issued a written direction to an adviser who charged clients “extraordinary fees” for inappropriate and conflicted advice, as well as encouraged them to swit...

2 weeks 6 days ago

ASIC has confirmed the industry funding levy for the 2024–25 financial year, and how much licensees can expect to pay....

1 week 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
2
DomaCom DFS Mortgage
95.46 3 y p.a(%)
5