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Stock impact report

Silvercrest Asset Management Announces Initial Seed Investment With Australia's Construction and Building Unions Superannuation Fund

Silvercrest Asset Management Group Inc. (SAMG) 
Last silvercrest asset management group inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.silvercrestgroup.com
Company Research Source: GlobeNewswire
NEW YORK, Dec. 11, 2024 (GLOBE NEWSWIRE) -- Silvercrest Asset Management Group Inc. (NASDAQ:SAMG) is pleased to announce an initial seed investment of $1.3 billion USD ($2.0 billion AUD) by Australia’s Construction and Building Unions Superannuation Fund (CBUS). The seed investment will formally launch Silvercrest’s Global Value Opportunity Equity Strategy. Silvercrest previously announced the development of the strategy and the hiring of the strategy’s lead portfolio manager, Rehan Chaudhri and his team. Richard Hough, Chairman and Chief Executive Officer of Silvercrest, remarked, “Silvercrest is grateful to CBUS for its substantial investment to launch our new Global Equity Strategy. We are excited and proud to partner with such a premier and sophisticated institutional investor. CBUS’s confidence underscores Silvercrest’s international reputation, robust infrastructure, and deep intellectual capital. We are confident that Silvercrest will attract follow-on investments, further e Show less Read more
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