Multi-boutique manager platform Spouting Rock Asset Management has purchased an ownership stake in Altan Asset Management for an undisclosed sum.

Altan, headed by the firm’s chief investment officer Rehan Chaudhri, currently provides investment strategies across global and international value equities.   

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The investment management firm leverages a fundamentals-based investment approach that has been formed on undervalued stock-driven opportunities as well as the changing global environment, risk and local aspects.  

Chaudhri said: “Our process allows our clients to align their goals with a long-term fundamentals-driven investment approach. 

“We aspire to provide consistent returns and attractive risk metrics.

“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.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The latest acquisition allows Spouting Rock to benefit from Altan’s global and international strategies, according to the firm.

Spouting Rock CEO Marc Brookman said: “Spouting Rock is constantly looking for new opportunities to expand our investment offerings in the US and across global markets.

“Altan’s global and international strategies are a strong addition to the platform.

“The investment management team’s customized approach to analysing global risks and the long-term potential of target stocks has the potential to provide differentiated portfolios for institutional clients, financial platforms and sophisticated investors alike.”

Last month, Spouting Rock announced a deal to buy a majority position at investment manager Reinhart Partners.

In December last year, Spouting Rock also agreed to acquire New York-based investment management firm Stewart Asset Management.