Perpetual picks up mandate
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Perpetual has suffered a slide in funds under management, despite picking up a new institutional Australian equities mandate.
The fund manager has announced to the Australian Securities Exchange (ASX) today that funds under management as at 31 May stood at $27.5 billion, including net inflows of $100 million from an institutional client in Australian equities.
The company said funds under management as at 30 April, 2010, had stood at $29 billion.
AUTHOR
Mike Taylor
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