Perennial wins Japanese equities mandate
PerennialInvestmentPartners has been appointed by global multi-class investment manager Northern Trust Global Investments (NTGI) to manage a Japanese equities mandate.
The mandate will be managed through Perennial’s Japanese Equities Trust, launched in July 2001.
NTGI operates in the UK, Europe, Middle East and the Far East.
Perennial managing director Anthony Patterson said the mandate was both a recognition of Perennial’s Japanese equities track record and an endorsement of Australia as a growing global equity managers’ hub.
The mandate win is “an endorsement of Perennial’s consistent business objective to develop our global equities boutiques”, Patterson said.
Tony Earnshaw, managing director of NTGI’s European manager-of-managers business, said Perennial’s Japanese equities capability had “stood out during our search for an investment manager”.
Earnshaw said the appointment was in line with an “extensive and well-developed” emerging managers program, which has been running since the early 1990s.
NTGI has a long-standing strategy of identifying emerging, performance-oriented investment managers, and building on the strength of that relationship, he said.
Recommended for you
Clime Investment Management has faced shareholder backlash around “unsatisfactory” financial results and is enacting cost reductions to return the business to profitability by Q1 2025.
Amid a growing appetite for alternatives, investment executives have shared questions advisers should consider when selecting a private markets product compared to their listed counterparts.
Chief executive Maria Lykouras is set to exit JBWere as the bank confirms it is “evolving” its operations for high-net-worth clients.
Bennelong Funds Management chief executive John Burke has told Money Management that the firm is seeking to invest in boutiques in two specific asset classes as it identifies gaps in its product range.
