Perpetual’s Wholesale Ethical SRI Fund has been placed ‘on hold’ by Standard & Poor’s Fund Services due to the departure of portfolio manager Simon Bridger.
Bridger will remain at Perpetual until September to oversee the transition of his responsibilities to new portfolio manager Nathan Parkin, who takes over immediately, S&P stated.
Parkin rejoined Perpetual in October 2010 as an analyst after seven years at 452 Capital, according to S&P.
The ratings house will meet with Bridger and Parkin in the coming weeks to review the new arrangements and will look to resolve the fund’s ‘on hold’ status following that meeting, S&P stated.
