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...

ISSN: 2151-1845 / CDC10004H

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