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Alleron wins $440 million AustralianSuper mandate
Big industry fund AustralianSuper has awarded a $440 million Australian equities mandate to Sydney-based boutique Alleron Investment Management.
Alleron describes itself as a long-only, high conviction Australian equities manager with a bias to growth stocks. It is majority owned by its staff, while Ascalon Capital Managers is a minority shareholder and an active partner.
Alleron chief executive Barry Littler said his company had "strong appreciation and respect" for the values held by AustralianSuper, including the belief that carefully selected quality companies would deliver superior performance over the long-term.
"Alleron has demonstrated through almost seven years that its disciplined process - which focuses on quality, valuation and growth drivers - delivers good results for our clients," Littler said.
AustralianSuper head of equities Innes McKeand said Alleron was a focused, Australian specialist manager with a proven track record of accurate stock picking.
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