Colchester Global Investors has been awarded a global sovereign bond mandate by Perpetual as well as inclusion in Perpetual’s wealth models.
The portfolio would be managed by using Colchester’s approach which aimed to select sovereign markets with high real yields and strong financial stability as well as attractive currencies based on real exchange rates and balance sheet strength.
Colchester would also help Perpetual’s portfolios gain a better exposure to an actively managed government bond and global currency strategy.
“We look forward to partnering with Colchester and accessing their Global Government Bond Strategy via a separately managed account and their fund for Perpetual Private’s Implemented Fixed Income Portfolio and Fixed Income Model Portfolios respectively,” Theo Sofios, Perpetual Private’s head of multi manager, said.
According to Colchester’s head of distribution, Angela MacPherson, Colchester had a long-standing history of managing money for institutional clients managing just over $7 billion of assets for Australian and New Zealand clients.