Spouting Rock Asset Management Acquires Stewart Asset Management
12/13/22, 10:39 PM
Location
bryn mawr
Industry
angel investment
venture capital
finance
financial services
Spouting Rock Asset Management, LLC (“Spouting Rock”), a multi-boutique manager platform providing investment solutions and services, today announced an agreement to acquire Stewart Asset Management, LLC (“Stewart”), a New York-based investment manager that aims to provide long-term capital appreciation for clients through concentrated portfolios of quality US listed growth equities. The deal is expected to close on or about December 31, 2022.
Company Info
Location
Bryn Mawr, Pennsylvania, United States
Company info
Founded in 2018, Spouting Rock Asset Management is a multi-boutique manager platform providing alternative, traditional and thematic investment solutions and services aimed to enhance portfolios and protect wealth. Located outside of Philadelphia, Pennsylvania, Spouting Rock Asset Management provides sophisticated investors, financial professionals and institutions the ability to invest in niche strategies in less efficient markets where active management has the potential to add meaningful alpha. Spouting Rock Asset Management offers a robust, cost-efficient platform that provides boutique managers with the distribution and operational benefits of a scaled asset management business.