Ellerston Capital is a Sydney-based multi-strategy fund manager founded in 2009 by Ashok Jacob, previously chief investment officer for the Packer family's private investment interests. Ellerston runs a diverse range of strategies spanning Australian and global equities (including long-short and market-neutral funds), private equity, and specialist sector funds such as Asian and global small-cap mandates. The firm is known for its high-conviction, research-intensive approach and close ties to the Packer family, which remains a significant investor and backer. Ellerston has built a reputation as one of Australia's more diversified boutique managers, extending well beyond a single flagship equity fund into private markets and alternative strategies.