News

Arrowpoint and Meridian Funds a Good Fit

October 14th, 2013

Aster Investment Management and Arrowpoint Partners were two firms on different trajectories. Heading into 2013, AIM, based outside San Francisco, was still reeling from the sudden death a year earlier of its president, Rick Aster, who was synonymous with the firm he founded in 1977 and the Meridian Funds that AIM had managed since their respective inceptions. Full Article

Arrowpoint Partners Announces Acquisition of Aster Investment Management Co., Inc, Adviser to Meridian Funds

June 2nd, 2013

Arrowpoint Partners has entered into an agreement to acquire Aster Investment Management, the current adviser to the $2.9 billion Meridian mutual fund family based in Larkspur, California. The current lineup of funds includes Meridian Growth, Meridian Value, and Meridian Equity Income Fund. The transaction is subject to certain approvals and other conditions to closing, including approval of a new investment advisory agreement by the Funds’ Board of Directors and the shareholders of each Fund. The Transaction is currently expected to close in the third quarter of 2013. Full Article