Small-cap manager departs Perpetual after 20 years
Perpetual has appointed two co-portfolio managers in its Australian business as Jack Collopy departs after more than 20 years.
Collopy had worked at Perpetual since November 2001 and took on portfolio management responsibilities in the small-cap team in 2010.
Alex Patten and James Rutledge would be co-portfolio managers on the firm’s small and micro-cap strategies.
Patten has been deputy portfolio manager of the Smaller Companies strategy for more than two years and covered the telecoms, media and retail sectors.
Rutledge had been working on the Pure Value Share fund for almost four years and spent time covering building materials, steel, paper and packaging. Prior to joining Perpetual in May 2017, he spent seven years at Morgan Stanley.
The Perpetual Australian equities team had seven portfolio managers and nine analysts across its various equity funds, the firm said.
Perpetual chief executive, Australia, Amanda Gillespie said: “Jack has made an outstanding contribution to the business throughout his time at Perpetual. His investment performance has been strong and he leaves the team in a very good position to continue providing quality outcomes for our clients. We wish him all the best in the future.
“Perpetual has a long and proud history of succession planning and promoting from within. Both Alex and James had been promoted in recent years in anticipation of leadership roles within the business, and we are extremely confident that they will move seamlessly into their roles as co-PMs.”
Earlier this year, Perpetual acquired Pendal to create a $200 billion fund manager.
AUTHOR
Laura Dew
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