Perennial wins domestic equities mandate from AUSfund
AUSTRALIA - AUSfund, the scheme responsible for the unclaimed superannuation of over 1.3m Australians, has appointed Perennial Growth Management to manage an domestic equities mandate.
David Hayne, chief executive of AUSfund said: “AUSfund’s decision to invest into Perennial introduces a growth manager into the fund thereby bringing some active style diversification.”
Managing director of Perennial Investment Partners, Anthony Patterson added: “It has been a stockpicker’s market in Australian equities and the team has identified growing businesses with good management.”
Perennial Growth Management has over AUS$1.5bn in AuM
By Daniel Flatt
Latest stories
TPR and South Wales MP to listen to plight of steelworkers
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group takes over Corinthian Pension Consulting
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
TPR uses production order power for first time; revokes 74 chair's statement fines
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
ITN scheme appoints Trafalgar House as administrator
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.
