Researcher Standard & Poor’s (S&P) has announced ratings on the Perennial Growth Australian Shares funds will remain unchanged following the fund manager’s announcement that research analyst, Brendan James, has resigned.
Perennial Investment Partners had stated it expected James to remain with the firm for at least a few months to ensure an orderly handover of his responsibilities while a replacement is sought.
“We will be reviewing the funds as part of our upcoming Australian equity large-cap sector review and will meet with the team in April,” S&P stated. “We will continue to monitor developments in the meantime.”
Perennial said James resigned to pursue an opportunity outside funds management.
