Ascalon takes Sigrun stake
Nick Basile
Ascalon Capital Managers has acquired a 50 per cent equity stake in high conviction investment manager Sigrun Asset Management.
According to Ascalon chief executive Nick Basile, the transaction is consistent with the company’s strategy of investing in what in companies it believes will be future market leaders.
“The investment team at Sigrun has a three-year track record of delivering strong risk-adjusted returns in managing long-only Australia equities in a high conviction style,” he said.
The investment team at Sigrun are Alan Harm and Sriram Srinivas, who have worked together for a range of leading institutions including the Financial Services Group at Macquarie Bank.
As part of the transaction, Basile and Ascalon’s head of investment, Nelson Lam, will join Harmer and Srinivas on the board of Sigrun.
AUTHOR
Mike Taylor
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