PENDAL GROUP
Funds management
Pendal is set to shutter its Asian Share Fund in August as it has “little prospect” of significant growth in funds under management....
Funds management
Perpetual outflows have risen by 134 per cent from the previous quarter as the result of client mergers and rebalancing including $2.5 billion in outflows at Pendal Asset...
Funds management
Former Pendal head of multi-asset Michael Blayney has been appointed as a member of the investment committee at specialist managed accounts provider Evidentia Group....
Funds management
Pendal has told investors it will start winding up its Enhanced Credit fund from December, its third fund closure this year....
Funds management
Australian Ethical has reported 80 per cent growth in its FY24 statutory net profit after tax, with its board set to welcome Pendal’s former CEO next month. ...
Funds management
The firm acquired Pendal in January 2023, but some 80 per cent of the firm’s FY24 asset management outflows came from Pendal products, according to Morningstar....
Funds management
Former Pendal manager Vimal Gor has returned to bonds as head of fixed income and multi-asset at Ellerston Capital, just months after joining a crypto advisory firm. ...
Funds management
Perpetual has appointed Charles River Development – part of State Street – to manage the front office operations of its Australian asset management business....
Funds management
The multi-asset businesses of Perpetual and Pendal are being merged to create one team known as the Perpetual Multi Asset Strategies Team....
Funds management
Perpetual chief executive, Rob Adams, has refuted comments that the acquisition of Pendal has been a failure as the business reports $4.3 billion in outflows in the first...
Funds management
Perpetual saw $4.3 billion in outflows from its asset management division in the last quarter to 31 December, but market movement meant overall AUM increased....
People & Products
First Sentier Investors has appointed a new chief operating officer, who departs from Perpetual as the investment manager appoints a replacement....
Funds management
Perpetual has ruled out making any further acquisitions while it embeds Pendal, and is seeking at least two board directors as part of a board renewal process....
Funds management
Morningstar is confident that if Perpetual achieves strong fund performance, it will be able to recover its share price and reassure investors’ doubt over the Pendal merg...
Funds management
Perpetual has reported its quarterly asset management flows after seeing $8.1 billion in outflows during FY2022–23....
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