Perpetual wins top award
Perpetual Investmentshas taken out the top prize in the 2004Money Management/Assirt ResearchFund Manager of the Year Award and has also been named as winner in the Australian equities category of the awards.
Perpetual was also a finalist in the mortgage funds category, a feat it has achieved each year since 1999, as well as winning the category in 2002.
Finalists for the overall award, which has been presented byMoney Managementand Assirt since 1987, wereBarclays Global Investors(BGI), andUBS Global Asset Management(UBS-GAM) which took out the top award in 2002 and 2003.
BGI was also a finalist in the Australian equities and multi-sector categories, while UBS-GAM was a finalist in the Australian fixed interest and property securities categories of the award.
Newcomers winning in this year’s awards wereSt Helens Capitalfor the Alternative Assets category, andJM Asset Managementin Rising Star.
GMO Australiawas also a first time finalist in international equities, while Vanguard Australia appeared for the first time in the awards, winning the multi-sector category.
Other winners includedColonial First Statein Australian fixed interest, its first win since 1999 when it won overall, andAustralian Unityin mortgage funds after being a finalist in the same category last year.
Perpetual Investments’ win in the overall and Australian equities category comes 18 months after the previous head of equities, Peter Morgan, left to start his own boutique funds management firm, handing the reins to John Sevior.
Despite rumblings in the market at the time, head of Assirt Research Simon Ibbetson says the move was not a negative one for Perpetual.
“Despite the changes 18 months ago, John Sevior has delivered. The team dynamics have improved and there is more buy-in from analysts regarding the portfolio, which has led to good stockpicking across all market capitalisations,” Ibbetson says.
Recommended for you
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
