Anath Capital Group, the parent company of Garraway Capital LLP, has acquired London-based fixed income specialist, Stratton Street LLP.
Stratton Street is a fund management and advisory company, specialising in fixed income markets. The transaction will double Anath’s assets under management from around USD500 million to over USD1 billion.
Stratton Street’s CIO and Partner, Andy Seaman, says: We are very excited by the opportunities presented by this move. Anath invests using not only capital but also the collective management experience of their organisation. Not only will we will benefit from access to their distribution, operational, legal and compliance capabilities, but the wider organisation will benefit from economies of scale.”
Leading the deal, Anath’s Managing Director Hiren Patel, who will become Stratton Street’s CEO, says: “No-one can doubt Anath’s commitment to continued growth. This is the third substantial transaction we have completed this year, following the earlier additions of the City Financial UCITS funds as well as Asian focused assets from Blackfriars to the Garraway suite of funds.
“Stratton Street’s approach, by separating creditors from debtors, rather than dividing the world between developed and emerging markets, will offer all our customers significant benefits.
“This is a game-changer in respect of our ambition to build a diversified suite of leading funds across all major asset classes. I look forward to adding Stratton Street’s impressive fixed income strategies to the group’s growing suite of products which already includes UK, Global and Asian Equity, liquid alternative Financial Trends, as well as a full multi-asset range.
“We are pleased to welcome them as part of Anath’s growing family.”
