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Inverdale Partners Up With Ballast Asset Management

Inverdale Capital Management ("Inverdale"), an asset manager focused on alternative investments, today announced a strategic partnership with Ballast Asset Management LP ("Ballast"). Ballast, founded in 2015 and led by Portfolio Manager Ragen Stienke, pursues a value-oriented, long-only strategy focused on investments in publicly-traded small and mid-cap equities. Prior to founding Ballast, Stienke served as Senior Portfolio Manager for Westwood Management's SMidCap Equity strategy. Stienke and his team will join Inverdale and operate as a wholly-owned independent subsidiary. "We are excited to partner with Ragen in scaling his strategy," commented Ryan Small, managing partner of Inverdale. "We have tremendous confidence in Ballast's fundamentally driven...