Updated
Perpetual clients pull almost $8b from funds house before KKR sale
Updated
Perpetual clients pulled almost $9 billion out of the company’s funds management business in three months, just before the sale of the storied financial services firm’s wealth division.
In an update to investors, Perpetual chief executive Rob Adams described the company’s performance in the three months to June 30 as “mixed” and said its funds management business “experienced a difficult quarter”.
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