PerennialInvestmentPartners has been appointed by global multi-class investment manager Northern Trust Global Investments (NTGI) to manage a Japanese equities mandate.
The mandate will be managed through Perennial’s Japanese Equities Trust, launched in July 2001.
NTGI operates in the UK, Europe, Middle East and the Far East.
Perennial managing director Anthony Patterson said the mandate was both a recognition of Perennial’s Japanese equities track record and an endorsement of Australia as a growing global equity managers’ hub.
The mandate win is “an endorsement of Perennial’s consistent business objective to develop our global equities boutiques”, Patterson said.
Tony Earnshaw, managing director of NTGI’s European manager-of-managers business, said Perennial’s Japanese equities capability had “stood out during our search for an investment manager”.
Earnshaw said the appointment was in line with an “extensive and well-developed” emerging managers program, which has been running since the early 1990s.
NTGI has a long-standing strategy of identifying emerging, performance-oriented investment managers, and building on the strength of that relationship, he said.
