Spouting Rock quadruples AUM with Penn Capital acquisition
The asset management firm is looking to roll up boutique asset managers onto a single platform
Spouting Rock Asset Management, which spawned out of a family office two years ago, announced the acquisition of Penn Capital Management Co., an asset manager more than two times its size.
Spouting Rock, which has $691 million under management, will add $2.7 billion under administration, includin
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