The Company’s initial investment is a 53.4% ownership in Steppes Alternative Asset Management Limited (Steppes), a global alternative asset management business focused on natural resources and infrastructure. The existing investment management platform is focused on equity funds.
For the year ending 31st December 2016 Steppes produced earnings per share of $0.44 and had a net asset value per share of $1.34 with current Assets Under Management of $3.1 billion.
The current macro and micro economic conditions together with the positive long term outlook have resulted in a unique opportunity in the natural resources and Infrastructure sectors where Steppes is focused.
For more information on Steppes please click the company logo to the right, and you will be directed to the Steppes Alternative Asset Management website.