Further client setbacks for Perpetual Investments

Perpetual Investments’ Dublin-based asset management unit, which was set up by four fund managers who defected from Bank of Ireland, has suffered fresh dents to its client base.

25th August, 2007

Perpetual Investments’ Dublin-based asset management unit, which was set up by four fund managers who defected from Bank of Ireland, has suffered fresh dents to its client base.

Figures from Perpetual for the six months to June, which were released last week, showed that PI Investment Management, the Australian group’s global equities business which it set up after poaching the four executives in 2004, had suffered net fund outflows ofaroundAU$100million (€60 million) during the...

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