Ellerston Capital buys stake in Morphic
Ellerston Capital has announced it has acquired a controlling interest in Morphic Ethical Equities Fund’s (MEC) manager, Morphic Asset Management, which is a specialist investment manager in alternative strategies such as separately managed accounts (SMAs).
Under the terms of the deal, Morphic would become a subsidiary of Ellerston, and Morphic’s founders, Jack Lowenstein and Chad Slater, would continue to run the funds while gaining access to Ellerston’s wider analyst pool and infrastructure.
“We believe that under the wing of Ellerston, we gain access to Ellerston’s experienced investment team and we substantially improve our reach to investors whose aim is to build wealth by following the principles of socially responsible investing,” Lowenstein commented.
According to Morphic Ethical Fund’s chair’s JoAnna Fisher, the transaction was expected to be a positive development for the fund and would support the fund’s marketing efforts.
AUTHOR
Oksana Patron
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