PASADENA, Calif., Oct. 11, 2012 /PRNewswire/ -- 300 North Capital LLC announced today that its management team has signed a definitive agreement with its parent company, Old Mutual Asset Management (US), to acquire the firm and its existing business. The transaction is expected to close by the end of 2012. Following the close of the transaction, the current management team at 300 North Capital, led by Richard Campagna, will continue to operate the business in the same manner as it is currently conducted, through 300 North Capital LLC.
Richard Campagna, CEO, CIO, commented, "We are excited about assuming ownership of the firm, which has been a goal of the management team for the past several years. This transaction is good for our clients as it allows us to provide larger long term equity incentives to the management team building the business," said Mr. Campagna.
About 300 North Capital, LLC
300 North Capital, based in Pasadena, CA, is an institutional investment manager specializing in small, mid, SMID, and all cap growth equity strategies, as well as an alternative global macro strategy. The firm has a long history of managing assets for a variety of clients including corporations, public and Taft-Hartley funds, endowments and foundations, and high-net worth individuals.
300 North Capital has an experienced seven member investment team. The firm's long-only investment approach seeks to buy only superior companies; those that are characterized by strong management, higher quality, and superior growth rates. The firm's global macro strategy is a discretionary, absolute return global macro product with an investment universe including equities, fixed income, commodities, and currencies. Risk management is an integral part of firm's investment strategies.
For more information please visit www.300northcapital.com.
SOURCE 300 North Capital LLC