Stifel Financial Corp.’s Ziegler Capital Management subsidiary has acquired the assets of St. Louis-based Piermont Capital Management.
Terms of the deal weren’t disclosed. As of Feb. 28, Piermont had about $252 million in assets under management in separately managed accounts, a mutual fund and a long/short private fund, officials said in announcing the acquisition.
Piermont’s founding portfolio management team – John Russon, Kevin Finn and John Albert – will remain lead portfolio managers…
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