New York, March 20, 2006 – Hyperion Capital Management, Inc. today announced that it has changed its name to Hyperion Brookfield Asset Management, Inc. (“Hyperion Brookfield”), effective immediately. Acquired by Brookfield Asset Management Inc.
(“Brookfield”) in April 2005, Hyperion Brookfield has changed its name as part of Brookfield's rebranding as an asset manager with a single unified name across all of the company's operations.
"Our name change to Hyperion Brookfield reflects a continuation of our integration with Brookfield Asset Management and the strength of our platform for growth,” commented Clifford Lai, President and CEO of Hyperion Brookfield.
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Hyperion Brookfield is a registered investment advisor located in New York City. The firm was founded in 1989 to provide relative value driven fixed income investment strategies to institutional and retail investors. To complement its core fixed income and specialized MBS strategies, Hyperion Brookfield has developed customized services for insurance clients, such as asset liability management, tax optimization, strategic asset allocation, and a full range of investment accounting and reporting capabilities. Hyperion Brookfield's quantitative research team has designed advanced proprietary investment technology platforms for the monitoring, analysis, and management of risk/reward attributes across all sectors of the fixed income market. Hyperion Brookfield manages $17.8 billion for a client base including insurance companies, pension funds, financial institutions, mutual funds and foundations.
Brookfield Asset Management is an asset manager focused on property, power and other infrastructure assets. The company and its affiliates have approximately $50 billion of assets under management. Brookfield is co-listed on the New York and Toronto Stock Exchanges under the symbol BAM.
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Note: This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The words “platform for growth” and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Reliance should not be placed on forward-looking statements because they involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to differ materially from anticipated future results, performance or achievement expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from those set forward in the forward- looking statements include general economic conditions, interest rates. Hyperion Brookfield undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
