Small-cap manager departs Perpetual after 20 years

Perpetual/Pendal-Group/small-cap/australian-equities/

1 May 2023
| By Laura Dew |
image
image image
expand image

Perpetual has appointed two co-portfolio managers in its Australian business as Jack Collopy departs after more than 20 years. 

Collopy had worked at Perpetual since November 2001 and took on portfolio management responsibilities in the small-cap team in 2010.

Alex Patten and James Rutledge would be co-portfolio managers on the firm’s small and micro-cap strategies. 

Patten has been deputy portfolio manager of the Smaller Companies strategy for more than two years and covered the telecoms, media and retail sectors. 

Rutledge had been working on the Pure Value Share fund for almost four years and spent time covering building materials, steel, paper and packaging. Prior to joining Perpetual in May 2017, he spent seven years at Morgan Stanley.

The Perpetual Australian equities team had seven portfolio managers and nine analysts across its various equity funds, the firm said.

Perpetual chief executive, Australia, Amanda Gillespie said: “Jack has made an outstanding contribution to the business throughout his time at Perpetual. His investment performance has been strong and he leaves the team in a very good position to continue providing quality outcomes for our clients. We wish him all the best in the future.

“Perpetual has a long and proud history of succession planning and promoting from within. Both Alex and James had been promoted in recent years in anticipation of leadership roles within the business, and we are extremely confident that they will move seamlessly into their roles as co-PMs.”

Earlier this year, Perpetual acquired Pendal to create a $200 billion fund manager.
 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 2 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 3 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 3 weeks ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

1 week ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

1 week 5 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

2 weeks 3 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND