Spouting Rock Asset Management LLC, a multi-boutique manager providing investment services, has acquired a minority investment in Glovista Investments LLC, an investment management firm that leverages top-down global macro and bottom-up quantitative analysis to manage listed portfolios for investors.
The firm is led by CIO Carlos Asilis and Deputy CIO Darshan Bhatt.
“We’re pleased to welcome the Glovista team, who has a successful history of managing emerging markets strategies on behalf of institutional and retail investors,” says Andrew Smith, chief executive of Spouting Rock. “The addition of the Global Emerging Market Equities Strategy and GTAA will help to expand our international and emerging markets offerings and enhance the growth of our platform as we continue to add managers focused on the inefficient areas of the market.”
“Over the past 13 years, we’ve grown a team of seasoned investment professionals, a disciplined investment philosophy and a suite of innovative solutions across global markets,” notes Bhatt. “We look forward to joining forces with Spouting Rock to continue to build on Glovista’s success through their shared services model and expand our offerings in the institutional and retail space.”
Glovista has offices in New Jersey, California and Florida.