Institutional Clients Fleeing Tortoise Investments after Performance Hit and Layoffs

Posted on 05/20/2020


In October 2017, asset management investor Lovell Minnick Partners saw promise in Leawood, Kansas-based Tortoise Investments and decided to buy a 69% majority stake in the asset manager from Marine Holdings and from retired co-founders of Tortoise Investments. In the deal with Lovell, the three co-founders of Tortoise, Zachary Hamel, Kenneth Malvey and Terry Matlack, […]