Perennial fixed interest gains new mandate
Perennial Investment Partners has picked up a new mandate from the Tasmanian-based Retirement Benefits Fund (RBF) Board.
RBF has appointed Perennial to handle a cash-enhanced investment mandate valued at around $100 million.
Confirming the mandate this week, Perennial’s head of Fixed Interest, Glenn Feben said it reflected investors continuing pursuit of alpha.
“In a period where investors are looking for every little bit of extra alpha, cash-enhanced strategies have proven to be very popular,” he said.
Feben said the Cash-Enhanced Trust had now attracted more than $1.5 billion in funds under management, from a wide range of investors including superannuation funds, government bodies and corporations.
AUTHOR
Mike Taylor
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