Perpetual has announced a shake-up of two funds as part of a strategic review, which is understood to mean two portfolio managers will depart the business.
By Alice Uribe SYDNEY Perpetual Ltd. will make changes to its global equity capabilities, including the closure of a fund, as part of a strategic review..
The Perpetual chairman is up for re-election, and even as Magellan and Platinum struggle, Perpetual’s challenges with its M&A-led strategy stand out.