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Spouting Rock Asset Management Announces Joint Venture With Australia’s Bell Asset Management

November 22, 2021, 09:00 AM
Filed Under: Private Equity News

Spouting Rock Asset Management, a multi-boutique manager platform providing investment solutions and services, announced a joint venture with Bell Asset Management, an Australia-based global equities specialist manager.

The strategic partnership will create a distribution platform for Bell Asset Management’s global equity strategies in the Americas, including the development of a collective investment trust.  Led by CIO Ned Bell and co-Portfolio Manager Adrian Martuccio, Bell Asset Management provides long-only, fundamental/bottom-up global equity solutions to a diversified investor base, including institutional, wholesale, retail and high-net-worth clients. The firm has a long history of managing assets for US Pension Funds and offers both global all and SMID cap strategies. Additionally, Bell is committed to integrating Environmental, Social and Governance (ESG) issues within its investment process. Their disciplined framework is combined with stewardship and ESG-specific activities such as screening, analysis, active engagement and proxy voting with companies within the portfolios.

“Leveraging our existing network and expanding further into the US market is the next step in the evolution of Bell Asset Management,” says CIO Ned Bell. “Spouting Rock’s trusted relationships, forward-thinking investment approach and shared services model will be invaluable to our team as we bring our investment solutions to the Americas.”

Spouting Rock is dedicated to providing alternative, traditional and thematic investment solutions that help enhance portfolios and protect wealth. This joint venture is the latest addition to the firm’s curated manager platform of well-vetted, active investment solutions. To-date in 2021, Spouting Rock also acquired a minority stake in Glovista Investments and finalized its majority investment in Penn Capital.

“We’re excited to welcome our Australian partners to the Spouting Rock family,” says Andrew Smith, chief executive of Spouting Rock. “For nearly two decades, Ned and Adrian have built several highly successful strategies across global equities. Bell Asset Management’s complementary strategies, ESG capabilities and unparalleled professionalism serve as a strong foundation for this partnership.”

Bell Asset Management is headquartered in Melbourne, Australia, and manages over US$2.6 billion in assets.

Founded in 2018, Spouting Rock Asset Management is a multi-boutique manager platform providing alternative, traditional and thematic investment solutions and services. This platform of curated active and opportunistic managers offers sophisticated investors, financial professionals and institutions forward-thinking solutions designed to help them plan for their financial future.

Bell Asset Management is a global equity specialist and has been managing and researching companies since January 1, 2003, under the leadership of Chief Investment Officer Ned Bell and his investment team. Bell Asset Management aims to deliver consistent performance outcomes and provide superior service to its clients. The experienced and stable team has a collective and transparent decision-making process, with a track record of over 18 years managing global equities across differing market cycles.

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