other material
confidence high
sentiment positive
materiality 0.85
Silvercrest receives $1.3B seed investment from CBUS to launch Global Value Opportunity Strategy
Silvercrest Asset Management Group Inc.
- Australia's CBUS commits $1.3B USD ($2.0B AUD) to seed Silvercrest's new Global Value Opportunity Equity Strategy.
- The seed investment formally launches the strategy, which combines relative and deep value opportunities globally.
- Strategy is led by portfolio manager Rehan Chaudhri and his team, hired earlier to develop the capability.
- CEO Richard Hough says the investment underscores Silvercrest's reputation and expects follow-on investments.
- The equity capability complements Silvercrest's existing International team and deepens intellectual capital.