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.
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