Perpetual’s alumni has more people in the hall of fame than any other fund manager, but that won’t count for much in the face of the stark choice facing shareholders between buying Pendal or being owned by Regal.
Regal Funds Management talisman Phil King will understand the history surrounding his bid for Perpetual. But at its heart, this ideal is about opportunism.
MST Emerging analysts are back for another shot at Perpetual’s bid to buy Pendal, this time casting doubts about the company’s recent acquisition track record.