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October 12, 2017  

LISTING: Investors Targeting Stakes in Hedge Fund Operators

Ascalon CapitalSydneyContact: Chuak Banking unit has used balance-sheet capital to buy minority stakes in Asia-Pacific asset managers, mostly hedge fund operators running $50 million to $200 million, but sometimes more. Most recent deal was with Hong Kong multi-strategy shop Seyon Asset Management. In May 2017, news reports said Westpac was seeking a buyer for the bulk of Ascalon’s assets.NOTE:...

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