BRYN MAWR, Pa.--(BUSINESS WIRE)--Spouting Rock Asset Management, LLC, (Spouting Rock), a multi-boutique manager platform providing investment solutions and services, today announced an ownership stake in Altan Asset Management LLC (Altan), an investment management firm that aims to drive outsized returns by diligently seeking overlooked opportunities in the global equity markets.
Led by Rehan Chaudhri, the Altan team offers investment strategies in global and international value equities. Altan employs a fundamentals-based investment approach built on undervalued stock-specific opportunities and an evaluation of evolving global environment, risk and localized factors. Seeking long-term earnings power of competitively advantaged businesses, combined with balance sheet strength, is the cornerstone of Altan’s investment strategy.
“Spouting Rock is constantly looking for new opportunities to expand our investment offerings in the U.S. and across global markets,” says Marc Brookman, Chief Executive Officer of Spouting Rock. “Altan’s global and international strategies are a strong addition to the platform. 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 institutional clients, financial platforms and sophisticated investors alike.”
“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,” says Rehan Chaudhri, Chief Investment Officer of Altan. “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.”
Altan is one of several acquisitions Spouting Rock has announced over the past few months, most recently acquiring Stewart Asset Management and entering into a definitive agreement to acquire a majority position of Reinhart Partners, Inc. in a multi-step transaction over a period of two years. Under the leadership of Chairman Andrew Smith and CEO Marc Brookman, the firm hopes to further expand the Spouting Rock platform of boutique managers and strategies for the benefit of its clients in the years ahead.
About Spouting Rock Asset Management, LLC
Founded in 2018, Spouting Rock is a multi-boutique manager platform providing traditional and alternative investment solutions aimed to enhance portfolios and protect wealth. With offices outside of Philadelphia, Pennsylvania and New York City, Spouting Rock 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 offers a robust, cost-efficient platform that provides boutique managers with the distribution and operational benefits of a scaled asset management business.
For more information on Spouting Rock, visit: https://spoutingrock.us/
About Altan Asset Management
Founded in 2020, Altan Asset Management was established to provide investors with a customized portfolio of high-quality, leadership companies that are priced at a discount to intrinsic value. We invest across the full spectrum of value including (A) high-quality compounders, (B) normalized earnings recovery and (C) event-driven opportunities. The core belief of Altan is that long-term earnings power and cash flow accrue to leadership companies that generate strong profitability due to competitively advantaged business models run for shareholders. Altan wholistically evaluates environmental, social and governance factors as risks and opportunities which affect the stock selection and the overall portfolio. Additionally, we examine long-term S-curve disruption factors which may influence our positions. Focused on the needs of the world’s most sophisticated investors, Altan is committed to investment excellence for its clients.