Hyperion Asset Management (Hyperion) has signed an agreement with Pinnacle Investment Management (Pinnacle) to run its retail distribution business.
Hyperion's client base was predominantly institutional. The firm now wants to grow its retail business, according to Hyperion managing director Manny Pohl.
"Our investment team has produced very strong results for our institutional investors and we are now looking forward to effectively distributing Hyperion products to a wider investment audience," Pohl said.
Pinnacle already has an established relationship with Pinnacle, with Pinnacle owning part of the Hyperion business.
"It's a combination that gives us the best of two worlds. An asset manager that's nimble and independent but that also has the resources to back it up," Pohl said.
"This agreement will help us cement our ability to match our strong institutional presence on the retail side."
Pinnacle has eight boutiques under its business. It recently signed an agreement with infrastructure investment firm The Plenary Group to develop a wholesale infrastructure fund.
