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
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