Perennial appoints new mid cap and small cap heads
Perennial Value Management has appointed Grant Oshry as its new head of mid caps while Andrew Smith has been promoted to a position of Head of smaller companies and micro caps.
As head of mid caps, Oshry would manage part of the Perennial Value Australian Shares Trust and the company would offer its mid cap portfolio as a standalone product for investors who would like to add alpha in the ex-Top 20 end of the market.
The Perennial Value Smaller Companies Trust delivered alpha of eight per cent per annum under Oshry’s leadership and, at the same time, funds under management (FUM) grew from $10 million to some $550 million, the company said.
Perennial Value’s managing director, John Murray, added: “Grant has been appointed to head our micro cap capability after very successfully leading our Smaller Caps business since January 2007.
“Andrew will take over Grant’s roles and lead our expansion into microcap asset management.
“We believe there are significant niche opportunities for active management in each of the ex- Top 20, small and microcap sectors of the Australian market,” he said.
According to the company, its Perennial Value Microcap Opportunities Trust’s strategy which was launched in February 2017 delivered 28 per cent return over the short time it has been running.
AUTHOR
Oksana Patron
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