Ballast Asset Management was founded by Ragen Stienke in August of 2015. Ragen previously served as Senior Portfolio Manager for Westwood Management’s SMidCap Equity Strategy which had $3.5b of assets under management at his departure. Ballast Asset Management entered into a strategic relationship with Inverdale Capital Management in 2017 to support the growth of Ballast Asset Management. Ballast Asset Management, LP is now a subsidiary of Inverdale Capital Management, LLC.
Ballast’s approach to investing is fundamental and bottom up, seeking to invest when the market has undeservedly low expectations for companies with a demonstrated ability to generate free cash flow, maintain a healthy balance sheet, allocate capital effectively and execute successfully. Ballast’s portfolio typically consists of 40-70 long equity positions ranging between $100 million and $10 billion in market capitalization.
We foster a culture of individual initiative, mutual respect, unrelenting intellectual honesty, and independent judgment. We believe our culture is an integral component of achieving superior risk-adjusted returns. For instance, it ensures our formal thesis reviews honestly challenge each individually sponsored idea and that the team is united behind the goal of making the best possible decision.