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 investment process and Ragen's ability to extend the strategy's historical success."
Ballast will maintain its research and portfolio management independence and leverage Inverdale's institutional-quality infrastructure to support the next phase of its growth.
"Our partnership will create synergies that will enhance our ability to generate results for both current and future investors," said Stienke. "Ballast and Inverdale both have cultures of collaboration, team chemistry and shared values that will be strengthened through the combined organization."