Family Office

Mortgage-backed advisory gets a new name

FWR Staff 23 March 2006

Mortgage-backed advisory gets a new name

Real-estate manager Brookfield puts its mark on 2005 acquisition. Brookfield Asset Management has changed Hyperion Capital Management’s name to “Hyperion Brookfield Asset Management” in an effort to stamp its brand on a firm it acquired last spring.

“Our name change to Hyperion Brookfield reflects a continuation of our integration with Brookfield Asset Management and the strength of our platform for growth,” says Clifford Lai, Hyperion Brookfield’s president and CEO.

Brookfield, a real-estate and infrastructure asset manager based in Toronto, Ontario, acquired Hyperion, a New York-based investment advisory that provides retail and institutional clients with fixed-income and specialized mortgage-backed security strategies, in April 2005. Hyperion also provides asset and liability management, tax optimization and asset allocation services to insurance companies.

Brookfield Asset Management and its affiliates have about $50 billion in assets under management. –FWR

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