Hyperion’s Australian Growth Companies Fund and SMA ratings not affected

Standard & Poor’s Fund Services has announced that its ratings on the Hyperion Australian Growth Companies (AGC) Fund and Hyperion Australian Growth Companies SMA are unchanged following the manager’s announcement that Emmanuel (Manny) Pohl is to depart Hyperion’s asset-management business in July 2012.

Mr Pohl, who is Hyperions’s managing director and founder, is establishing a separately managed private equity business. 

Tim Samway, who is Hyperion’s existing institutional business director, is succeeding Mr Pohl as managing director. Mr. Samway and other investment team members will either gain or increase their equity stake through the redistribution of Mr Pohl’s current holdings. 

There will be no changes to the manner in which the Hyperion AGC fund and SMA will be managed, which remains fundamentally driven and relatively concentrated in nature. Joel Gray, head of Australian equities, continues as lead portfolio manager with oversight provided by Mark Arnold, chief investment officer. 

Mr Pohl will remain in an advisory capacity, with the investment team able to call on his considerable experience.