Posts with Categories: Press Releases

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