The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:A 26-Year-Old Fixed Income Shop Sells to Shelton Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, May 17, 2023

A 26-Year-Old Fixed Income Shop Sells to Shelton

Reported by Neil Anderson, Managing Editor

A 38-year-old, $3.4-billion-plus-AUM (as of May 10) fund firm in Colorado is poised to buy a 26-year-old, $500-million-AUM fixed income shop in the Midwest. This will be the acquirer's seventh acquisition.

Stephen Craig "Steve" Rogers
Shelton Capital Management
Last week, Steve Rogers, CEO of Shelton Capital Management [profile], and Andy Holtgrieve, a founding partner and owner of Rockwood Capital Advisors, LLC, revealed that Denver-based Shelton has agreed to buy St. Louis-based Rockwood. Rockwood has a team of five people, and the deal is expected to boost Shelton to 40 people in total.

The deal is expected to close tomorrow. Pricing and terms have not been publicly disclosed.

Rockwood is a separately managed account (SMA) specialist. Unlike Shelton, Rockwood does not currently offer (or subadvise) any mutual funds.

"The Rockwood team joins a very experienced Shelton Fixed Income team and will continue to provide compelling solutions for clients," Mo Shafroth, a spokesperson for Shelton, tells MFWire.

Rogers praises the Rockwood team for their "compelling investment solutions ... great track records, and their client-centric service model."

"Their clients have enjoyed outstanding returns and together, we are well positioned to bring this performance to other institutional clients who often times prefer larger scale," Rogers states. "Twenty years ago, clients would have come running for their performance but in today's market, the first question is about firm size instead of performance and process. This merger helps solve that headwind for Rockwood."

Holtgrive, for his part, lauds Shelton as a "a natural partner" thanks to its "commitment to the fixed income market and corporate culture."

"In today's market, it is necessary to be part of a larger organization because it's no longer enough to just outperform," Holtgrieve states. "With Shelton, we have a comprehensive fixed income platform, robust operational and compliance support, and an institutional caliber sales team."

The deal will bring Shelton its first office in Missouri. The Colorado firm also has offices in California (its prior home state) and Connecticut. And watch for Shelton to continue to acquire.

"Shelton is always looking for growth, whether that's through product launches, fund raises, or acquisitions, and will continue to identify opportunities to synergize and scale efforts in different asset classes," Shafroth says.

Editor's Note: A prior version of this story gave the wrong number of deals for Shelton. To clarify, the new deal will be Shelton's seventh acquisition so far. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

  1. WE Pacific NW and CFA Society Seattle Welcome Mixer, September 22
  2. Havener Capital's Boutique Week 2023, Sep 26-29
  3. FT's Future of Asset Management North America, Sep 27-28
  4. MFDF webinar - Introduction to Retail Private Markets Funds: Structures to Access Private Equity, Private Credit, Infrastructure and Real Estate Investments, September 27
  5. Women In Finance Fall Mix n' Mingle Happy Hour, September 28
  6. Expect Miracles Atlanta Coast Classic, October 2
  7. MFDF webinar - Exchange Traded Funds: A Market Update for Fund Directors, October 4
  8. 4th Annual ETFGI Global ETFs Insights Summit - United States, Oct 4-5
  9. 8th Annual FUSE Forum, October 5
  10. ICI & GCMFA Networking Reception, October 10
  11. 2023 MMI Annual Conference, Oct 11-13
  12. 2023 IDC Fund Directors Conference, Oct 11-13
  13. WE South - ETF Conversations, October 17
  14. IMEA Star Awards Celebration, October 17
  15. IMEA Marketing Summit, Oct 17-18
  16. MFDF Director Discussion Series - Open Forum via Zoom, October 23
  17. ICI 2023 Securities Law Developments Conference - Day 1, October 24
  18. Schwab Impact 2023, Oct 24-26
  19. 2023 MMI Legal & Compliance Seminar, October 26
  20. ICI 2023 Securities Law Developments Conference - Day 2, October 26
  21. IMEA DE&I Roundtable, November 1
  22. IMEA Leadership Summit, Nov 1-2
  23. MFDF Director Discussion Series - Open Forum (Los Angeles), November 1
  24. MFDF Director Discussion Series - Open Forum (San Francisco), November 2
  25. Expect Miracles In Boston, November 2
  26. WIPN Nebraska - 3rd Annual Collegiate Career Exploration Event, November 2

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use