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Rating:Spouting Rock Bets On a 3-Year-Old Boutique Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, March 9, 2023

Spouting Rock Bets On a 3-Year-Old Boutique

Reported by Neil Anderson, Managing Editor

A multi-boutique is betting on a three-year-old global and international value equity shop that has under $50 million in AUM. The acquirer now owns stakes in eight boutiques.

Marc Brookman
Spouting Rock Asset Management
CEO
Last month, Marc Brookman, CEO of Spouting Rock Asset Management, LLC [profile], and Rehan Chaudrhi, chief investment officer of Altan Asset Management LLC, confirmed that Spouting Rock is taking an ownership stake in Bryn Mawr, Pennsylvania-based Altan. The pricing and terms of the deal have not been publicly disclosed.

Spouting Rock now owns a minority stake in Altan, a spokesperson for Spouting Rock confirms. Altan remains principally owned by its partners.

"Altan's global and international strategies are a strong addition to the platform," Brookman states. "The investment management team's customized approach to analyzing global risks and the long-term potential of target stocks has the potential to provide differentiated portfolios for instiutional clients, financial platforms and sophisticated investors alike."

"Our process allows our clients to align their goals with a long fundamentals-drive investment approach. We aspire to provide consistent returns and attractive risk metrics," Chaudrhi states. "Spouting Rock's ideology matches this commitment. We are delighted and privileged to join a team that shares common values and has an unwavering dedication to their clients." 

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