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Arrowpoint to buy Aster (which is to say, the Meridian Growth fund)

David_Snowball
edited June 2013 in Fund Discussions
Well, that's an interesting note. Two star equity managers just moved from Janus to Arrowpoint and Arrowpoint just announced the planned acquisition of Aster Investment Management, adviser to Meridian Growth (MERDX - Francophones blush). Brian Schaub and Chad Meade drove Janus Triton (JMAGX) to top tier returns over the past five years and will take over the $2 billion Growth fund. That's all per a Bloomberg story.

For what it's worth,

David

Comments

  • VintageFreakVintageFreak
    But I don't think any Arrowpoint funds are available retail...So...???
  • David_Snowball
    Arrowpoint runs hedge funds now. After the acquisition, Arrowpoint will run the Meridian funds. Arrowpoint's plan is to have Chad and Brian become the new managers for MERDX. Given that they're capable of managing rather more than $2 billion, one could imagine Arrowpoint planning an expansion of the Meridian product line.
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