Perpetual assets rise despite $1.2bn outflows
Perpetual assets rise despite $1.2bn outflows
Perpetual managed a sizeable uptick in assets under management over the March quarter, with the group continuing to branch out its operations overseas.
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Perpetual gave its third-quarter business update on Friday, where it revealed its total assets under management (AUM) sat at $95.3 billion at the end of March, rising from $89.2 billion at the end of December. The increase occurred despite $1.2 billion in net outflows during the quarter, overwritten by $6.5 billion coming in from market performance and other movements.
Perpetual Asset Management International’s total AUM, which included the recently acquired US groups Trillium Asset Management and Barrow Hanley Global Investors, rose by 8 per cent during the three months to March, to $71.6 billion. Market performance has offset $892 million in net outflows from the international segment, mostly from the institutional channel.
Perpetual defies outflows, builds UK team 23 April 2021
The investment group has flagged a steady rise in managed assets despite copping $1.2 billion in net outflows, as it continues on its international expansion plans.
Perpetual gave its third-quarter business update on Friday, where it revealed its total assets under management (AUM) sat at $95.3 billion at the end of March, rising from $89.2 billion at the end of December. The increase occurred despite $1.2 billion in net outflows during the quarter, overwritten by $6.5 billion coming in from market performance and other movements.
Perpetual Asset Management International’s total AUM, which included the recently acquired US groups Trillium Asset Management and Barrow Hanley Global Investors, rose by 8 per cent during the three months to March, to $71.6 billion. Market performance has offset $892 million in net outflows from the international segment, mostly from the institutional channel.
Trillium Launches UK Business with Senior Investment Hires
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BOSTON, April 22, 2021 /PRNewswire/ Trillium Asset Management (Trillium), an impact-driven, environmental, social and governance (ESG) focused investment firm, today announces its increased commitment to the UK market as it focuses on delivering its nearly 40-year track record of ESG investing and shareholder advocacy to clients in the UK and Europe.
As part of the move, Trillium has attracted a team of senior investment professionals to spearhead the launch of new global ESG equity strategies, led by Ian Warmerdam who joins as Lead Portfolio Manager from Janus Henderson Investors, where he spent 18 years, most recently as Director of Global Equities managing both global and EAFE select equities strategies for both UK and North American clients.
Financial Conduct Authority (FCA) – The UK regulator has hired
Sacha Sadan, most recently director of stewardship at
Legal & General Investment Management, as director of environmental, social and governance, a new role.
The FCA said he would develop and advocate for the FCA’s approach to sustainable finance both in the UK and internationally. He will also lead the development of policy to help ensure the long-term safety and soundness of firms, the proper functioning of markets, and consumer protection.
“The FCA is rightly seen as an international leader on the role financial regulation should play in delivering a more sustainable and greener future,” said Nikhil Rathi, chief executive officer of the FCA. “We welcome the recent addition to our remit of a requirement to have regard to the UK target of net zero carbon emissions. I am delighted to have someone of Sacha’s experience and insight joining us to help us accelerate this important work.”