Investment manager lauds blend of its own alts expertise, Merrill's reach. Merrill Lynch has made a non-controlling investment Sterling Stamos Capital Management, which manages assets for high-net-worth individuals and investors.

"Sterling Stamos is a leading investment firm with an outstanding management team," says Rohit D'Souza, Merrill's head of equities and alternative investments. "We will work with Sterling Stamos to grow their successful business by using Merrill Lynch's global resources."

Clout

Five-year-old Sterling Stamos invests in alternative and traditional assets such as absolute return, fixed income, public equity, real assets and private equity.

Peter Stamos, chairman and CEO of Sterling Stamos, says the deal with Merrill "uniquely positions" Sterling Stamos "by bringing together Merrill Lynch's global infrastructure and resources with our experience in the alternative investment space," says.

New York-based Sterling Stamos manages over $4 billion in assets. It also has an office in Menlo Park, Calif. -FWR

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