Australian equities manager, Hyperion Asset Management, has received a $600 million mandate from the Construction and Building Unions Superannuation (Cbus), Financial Standard reports. Hyperion will manage Cbus’ High Conviction Large Cap Australian strategy.
The $17 billion construction industry fund awarded a total of four Australian equities mandates in 2010 worth $608 million along with one international equity contract worth $101 million and one cash mandate worth $34 million. Cbus appointed Ausbil Dexia, Kinetic and Kosmos last year.
Click here for the story from Financial Standard.