Mason Stevens launches managed account
Investment management firm, Mason Stevens has joined with Perpetual to launch a new managed account — the Perpetual Direct Equity Alpha Portfolio.
The company said the product would be managed by Perpetual Investment Management on its Managed Account service.
Announcing the move, Mason Stevens chief executive Thomas Bignill said investors would benefit from Perpetual's bottom-up stock selection approach to investing delivered through a transparent, separately managed account structure.
The announcement said the portfolio would adopt a standalone strategy available only in an SMA format, rather than replicating an existing managed fund.
"Perpetual is one of the best fund managers in the market. We're excited to be able to add the portfolio to the Mason Stevens Managed Account service," Bignill said.
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