Analysts have warned more high-profile departures pose risks to blue-chip investment manager Perpetual, as it prepares to complete the takeover of rival Pendal and reports its best fund flows in 15 months.
Perpetual suffered net outflows of $1.2 billion in the three months to December 31 last year, but ended the quarter with total assets under management (AUM) across its global business of $93.7 billion, up 4 per cent on the same quarter the year before.
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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com
Lucy Dean writes about wealth management, personal finance, lifestyle and leisure, based in The Australian Financial Review's Sydney newsroom. Connect with Lucy on Twitter. Email Lucy at l.dean@afr.com
