Mergers & Acquisitions / Joint Ventures

Wespac subsidiary acquires stake in Hong Kong hedge fund

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Ascalon Capital Managers, a wholly-owned subsidiary of Australia’s Westpac Banking Corporation, has acquired a 35% stake in the Hong Kong-based hedge fund manager Athos Capital.

Athos, which was founded by former Omni Asia and Centaurus Capital event driven veterans Matthew Moskey and Erik Senko, together with former Black’s Link Capital and  Polygon Investment Partners executive Fred Schulte-Hillen, plans to launch a hard-catalyst biased event driven fund focusing on the Asia Pacific region once it gets a license.

Moskey, who takes on the role of principal and CIO at Athos Capital, says there are strong opportunities to generate returns in a