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.
The $34 billion Brighter Super is set to shift a significant proportion of equities assets in MySuper from passive to active management. Chief investment officer Mark Rider says the move is possible because of the scale created by mergers, and the fund will be looking to its newly appointed active managers to generate performance through the cycle by taking idiosyncratic risks.
Darcy SongJanuary 21, 2025
