Ascalon Capital Managers is looking to add to its existing line-up of seven boutique managers.
In March, Ascalon sold its stake in two of its boutique managers, Sigrun Asset Management and Fortuna Funds Management.
Now the firm is on the acquisition trail.
"We have plans to add about two or three small boutique managers to our business and are close to finalising the agreements," Ascalon chief executive Andrew Landman said.
Landman said the firm would concentrate on unlisted managers, having exited its partnership with MacarthurCook.
In June, Ascalon boosted its majority stake in distribution firm The Private Collection Australia. It now owns 100 per cent of the business.
"We wanted to secure our third-party distribution services for our boutique managers," Landman said.
On the back of its increased stake in The Private Collection, the firm is now looking to hire a senior sales manager.
The firm's current boutique line-up includes Alleron Investment Management, ATI Asset Management, Continuum Capital Management, Vue, H3 Global Advisors, Millhouse IAG and First Samuel.
