Hyperion Asset Management has been awarded a $30 million mandate from CoINVEST bringing its total funds under management to well over $1.3 billion.
Ian Macoun has also joined the group’s board as chairman, following the resignation of Steve Wilson. Wilson’s resignation from the Hyperion board follows the recent formation of Pinnacle Investment Group which is a majority shareholder of Hyperion. Wilson represented Hyperion’s former major shareholder, Wilson HTM, which transferred its holdings in Hyperion to Pinnacle. Macoun is the chief executive officer of Pinnacle, which is also a majority shareholder of Don Hamson’s new boutique Plato. “This is a substantial statement by Wilson HTM. Steve Wilson has been great for us. We’re now at a stage where everybody is looking for Hyperion to stand alone,ETim Samway, Hyperion institutional business director, said. CoINVEST is the portable long service leave scheme for the construction industry in Victoria and has funds under management of just over $450 million. Charles Keifel also resigned from Hyperion’s board in August, citing potential conflicts of interest.
3 October 2006 00:00
steve, hyperion, macoun, pinnacle, resignation, coinvest, conflicts, portable, hyperion’s, wilson, shareholder, august
Investments
Asset managers that underestimate the importance of artificial intelligence to their businesses do so at their own peril, according to Anton Eser, global chief investment officer of Robeco, who thinks that many have less than a year to get across the “most important transformation” the industry has seen since the beginning of the index business more than 25 years ago.
Leave a Comment
You must be logged in to post a comment.