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