Westpac subsidiary acquires stake in long/short equity manager Canning Park

Thu Jan 19, 2012

Westpac Banking Corporation's subsidiary Ascalon Capital Managers (Asia) has acquired a 30% stake in Canning Park Capital, a long/short equity manager run by former AlphaGen Capella, Morgan Stanley and Goldman Sachs veterans.

Canning Park is the second Asian-based alternative manager that Ascalon has partnered with in the space of less than two months. In December, the boutique incubator announced it had acquired a 35% stake in the Hong Kong-based event-driven manager Athos Capital.

Ascalon's investing focuses around taking equity stakes...


The full contents of this article are available to active AsiaHedge subscribers and trialists only.

To continue reading please,
take a free trial or subscribe to AsiaHedge.


Subscribers have unlimited access to all current content, including hedge fund performance Live League Tables. Start your subscription today - click on the button below.

Subscribe now