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Perennial wins $100m global equities mandate
The Australian Catholic Superannuation and Retirement Fund (ACSRF) has awarded Perennial Investment Partners a global equities mandate worth $100 million.
The money will be invested in the Perennial Global Shares High Alpha Trust — of which head of Perennial International, Clay Carter, said is a tribute to the team’s investment style, approach and performance.
“Our bottom-up stock picking style suited the ACSRF, who were searching for an investment strategy focused on uncovering good quality stocks in all markets, especially the fast-growing markets of the world,” he said.
Carter said the fund’s approach enabled them to find great opportunities, such as those in Brazil, Mexico and Korea, often overlooked by traditional global equities investors.
AUTHOR
Ashleigh McIntyre
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