Acquisitive Ascalon eyes Greater China managers

Acquisitive alternative fund incubator Ascalon Capital Managers is setting its sights on adding to its stable of managers, notably in Greater China, after taking a stake in a global equity hedge fund. Sydney-based Ascalon recently added to its range of Australian partners by acquiring a 35% stake in Morphic Asset Management, which had A$50 million ($46.46 million) in assets under management as at press time. Financial details of the transaction were not disclosed. Ascalon is w…