It is opportunistic of Perpetual to make an offer during a European conflict that has upended equity markets and damaged the valuations of asset management businesses worldwide.
The Sydney investment giant has mounted a takeover bid for Pendal,in a deal that could create a global fund manager with $200 billion in assets.
Perpetual CEO Rob Adams said high inflation will reach our economy within months and push up prices for energy,transport and household items as well as wages.
Perpetual chief executive Rob Adams has transformed the historic Sydney investment firm into a global player. Now,he wants to claw market share from competitors such as Magellan.
Perpetual chief executive Rob Adams says there will be a permanent focus on environmental,social and governance issues in the financial markets.
Wealth manager Perpetual's newest acquisition Barrow-Hanley's CEO says technology stocks are set for a correction as COVID-19 vaccines take centre stage. .
Activist shareholder Perpetual cut its stake in Boral,despite objecting to the appointment of two Seven Group directors to Boral's board.
Perpetual chief Rob Adams says the $465 million purchase of American fund manager Barrow Hanley is a response to investors'growing hunger for offshore assets.
The acquisition by one challenged value funds manager of another challenged value funds manager looks like doubling down on a business with structural problems.
The CEO of US specialist fund manager Trillium,which Perpetual has just bought for $63.8 million,wants to embed strong environmental,social and governance principles across every portfolio of the historic investment house.
Continues to seek an overseas partner via a merger or acquisition in bid to become'investment-style agnostic'