Hyperion turns to mining stocks after tech sell-off hammers returns

Hyperion turns to mining stocks after tech sell-off hammers returns

Mining and other industrial companies now make up one-fifth of the $15 billion fund manager’s Australian growth fund, up from less than 5 per cent in April.

Hyperion Pivots to Miners Amid Tech Rout

Brisbane-based Hyperion Asset Management, a $15 billion money manager, has dramatically increased its exposure to traditional mining and industrial stocks. This strategic shift follows the firm’s most challenging period of underperformance in three decades, largely attributed to the recent sell-off in technology shares that saw all three of its portfolios lag the broader sharemarket. Hyperion Asset Management focuses on identifying and investing…