SAN FRANCISCO, Jan. 2, 2013 /PRNewswire/ -- The principals of Ashfield Capital Partners LLC (Ashfield) announced today that they have completed the previously announced transaction to purchase their existing business from Old Mutual Asset Management. The deal, announced in October, transforms Ashfield into an independent, employee-owned investment firm.
"With the close of this transaction, our firm is now employee owned," said Stephen Lauck, Ashfield's President & CEO. "We want to thank Old Mutual for its tremendous support throughout the years and we look forward to their continued interest as we implement our growth plans as an independent firm."
About Ashfield Capital Partners LLC
Ashfield Capital Partners, LLC, based in San Francisco, CA, offers portfolios that seek high-quality growth companies for domestic and international corporate retirement plans, public funds, multiemployer pension plans, endowments, foundations and private investors. Its predecessor company was founded in 1973 and was reorganized in 2007 when Old Mutual (US) Holdings Inc. purchased a majority interest in the firm. See www.ashfield.com for more information.
SOURCE Ashfield Capital Partners LLC