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July 10, 2019  

Balter Pulls Backing From Invenomic

Fund-of-funds manager Balter Capital has unwound a seed investment in small-cap stock shop Invenomic Capital.Balter helped launch Invenomic in 2017 with $25 million, plus operational support, while taking a 25% equity stake in the Boston firm. But Balter withdrew most of its money from Invenomic on July 1.The move comes as Balter, led by founder Brad Balter, is severing ties with his original backer: the Sackler family, which controls Perdue...

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