POWERED BY MOMENTUM MEDIA
Perpetual Investments picks up mandate
Perpetual Investments has picked up a key mandate from the Australian Catholic Superannuation and Retirement fund.
Perpetual has confirmed it has been awarded a $200 million mandate by the fund for its Concentrated Equity Strategy.
Commenting on the mandate, Perpetual Investments general manager, institutional business, Gemma Dooley said she believed it reflected the demand from institutional investors for consistent alpha delivered by an experienced asset management team.
According to Perpetual, the Concentrated Equity Strategy, managed by Paul Skamvougeras, is a broad capitalisation Australian equities portfolio investing in high quality companies, typically holding a relatively small number of stocks with high conviction, across a range of sectors.
Australian Catholic Superannuation and Retirement Fund chief investment officer, Anne Whittaker said Perpetual's concentrated equity mandate nicely complemented the fund's other three Australian equities managers' mandates."
Recommended for you
The two funds have announced the signing of a non-binding MOU to explore a potential merger.
The board must shift its focus from managing inflation to stimulating the economy with the trimmed mean inflation figure edging closer to the 2.5 per cent target, economists have said.
ASIC chair Joe Longo says superannuation trustees must do more to protect members from misconduct and high-risk schemes.
Super fund mergers are rising, but poor planning during successor fund transfers has left members and employers exposed to serious risks.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
88.01 3 y p.a(%)
2
Global X 21Shares Bitcoin ETF
72.60 3 y p.a(%)
3
Global X GlobalX FANG+ ETF
44.46 3 y p.a(%)
4
Pengana High Conviction Equities B
39.12 3 y p.a(%)
5
Pengana High Conviction Equities A
39.05 3 y p.a(%)
