The firm will become a wholly owned subsidiary of Callodine Group, a $2 billion asset manager. Going private will give the firm “a more long-term mindset on how the company can be managed, rather than the situation of being publicly held, where you manage quarter to quarter,” said Jeff Strange, relationship manager at FUSE Research. “Most asset managers are not publicly held companies, and I think this gives them an opportunity to align their duration of measuring performance.”
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Article published on April 4, 2022