Spouting Rock Asset Management, LLC, a multi-boutique manager platform providing investment solutions and services, announced an ownership stake in Altan Asset Management LLC, 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.