Alleron Gets $440M AustralianSuper Mandate

Sydney, Australia-based equity manager Alleron Investment Management has received a $440 million mandate from multi-industry employer retirement fund AustralianSuper, Financial Standard reports. Alleron, which manages assets worth approximately $2 billion, follows a strategy which is long only, high conviction and growth-oriented.

Alleron is mainly employee-owned with Ascalon Capital Managers, which holds a minority stake, as an active partner. AustralianSuper is one of Australia's largest superannuation funds with more than 1.8 million members and $42 billion in funds under management.

Click here for the story from Financial Standard.