With a single mandate, Australian equities boutique Alleron Investment Management has more than doubled its funds under management (FUM).
Alleron began investing the $700 million Australian equities mandate, which increased the boutique’s FUM to $1.2 billion, two weeks ago. As a consequence of issuing the mandate, the client is in the process of restructuring its Australian equities allocation, I&T News understands. Alleron, a growth manager, runs a concentrated portfolio of large-cap stocks. It is one of the managers partnered with St George-owned multi-boutique firm Advance Asset Management, and is owned by staff.
04/09/2007
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Investments
Canada has established its first national-level sovereign wealth fund with a seed of C$25 billion to underwrite “nation-building” projects like ports, mines and energy infrastructure. In an unusual funding mechanism, the fund will issue a retail product that will allow individual investors to invest with the SWF and “participate in Canada’s growth”.
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