Ascalon chief executive Chuak Chan, said the acquisition is further evidence of Ascalon’s ambition to partner with quality teams and investment management companies throughout the Asia-Pacific region.
“Morphic is led by skilled investors who have operated at the highest level for many years,” he said.
“The principals have built a strong proposition for investors and we are pleased with the positive development of their company and fund since launching a couple of years ago.”
Morphic managing director Jack Lowenstein said in two years the company has grown from zero to an investment base of $50 million from its strong its strong performance and low portfolio volatility.
“We now have a partner in Ascalon that has the right model in place to allow us to focus more on managing our investors’ money,” he said.
“The strength of the Ascalon team’s support services, particularly their distribution capability, is central to our growth going forward.”
Morphic chairman Nick Minogue said investors are showing “increasing interest in Morphic’s highly disciplined strategy aimed at capturing market upswings for investors while protecting the portfolio somewhat in large downswings”.
“We now have the support base to enhance our marketing efforts both in Australia and overseas, plus further strengthening our compliance and administration processes.”
