Morphic Asset Management will become a subsidiary of Ellerston, with founders Jack Lowenstein and Chad Slater continuing to run the Morphic funds but with access to Ellerston’s wider analyst pool and infrastructure.
Ellerston chief investment officer Chris Hall stewardship is crucial and will be increasingly important in the future.
“Morphic fulfils a unique role in this space, being one of the few managers offering L/S ESG products and Ellerston is very excited to acquire a leading domestic ethical fund manager”, Mr Hall said.
Morphic managing director and joint chief investment officer Jack Lowenstein said its vision remains to be the leading ethical global equity manager in Australia.
“We believe that under the wing of Ellerston, we gain access to Ellerston’s experienced investment team and we substantially improve our reach to investors whose aim is to build wealth by following the principles of socially responsible investing. Families invest for multigeneration and ESG is about the long-term view of the world,” Mr Lowenstein said.