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Perpetual Limited

ASX Announcements

Ceasing to be a substantial holder for IPH

Ceasing to be a substantial holder

  • Oct 8, 2024
  • 12 pages

Application for quotation of securities - PPT

Appendix 2A (Application for Quotation of Securities)

  • Oct 8, 2024
  • 6 pages

Change in substantial holding for SIG

Change in substantial holding

  • Oct 7, 2024
  • 8 pages

Becoming a substantial holder for BSL

Becoming a substantial holder

  • Oct 7, 2024
  • 5 pages

Ceasing to be a substantial holder for BSL

Ceasing to be a substantial holder

  • Oct 3, 2024
  • 4 pages

View all PPT announcements

September

Rob Adams.

Perpetual faces investor backlash over bonuses with ‘no justification’

Proxy advisory firm Institutional Shareholder Services, which had previously been supportive of the fund manager, is urging a vote against executive pay and board members.

  • Jonathan Shapiro
Star Entertainment boss Steve McCann had very little good news for investors in his one-hour presentation on Thursday, his first as CEO.

Star needs new friends to stop the bleeding

Where will Star Entertainment’s shares trade? Surely, it’s going to be ugly on Friday morning.

  • Anthony Macdonald
Perpetual chairman Tony D’Aloisio has called in Morrow Sodali to help prep for the October AGM.

Perpetual orders temperature checks on register ahead of AGM

Hiring firms of Morrow Sodali’s ilk ahead of a shareholder vote can either be stock standard procedure or a stress response from an under-pressure board.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Rob Ferguson, the former CEO of BT Australia.

Corporate Australia mourns former BT boss Rob Ferguson

His Bankers Trust colleague Chris Corrigan remembered him as “an individual thinker with an inquiring mind, who never lost his curiosity about how the world works”.

  • Updated
  • Joshua Peach

August

Perpetual chief executive Rob Adams handed down his final result as the fund manager’s CEO.

Perpetual ready to sprinkle riches; red flags at Cettire

Wesfarmers and Qantas headlined the final Thursday of earnings season, but it was Perpetual and Cettire’s results that caught our eye.

  • James Thomson and Anthony Macdonald
Advertisement
Perpetual’s outgoing chief executive Rob Adams.

Where’s the premium? UBS’ Sujit Dey questions Perpetual’s KKR deal

The leftover funds management business is worth about $12.83 a share, going off eight times $183 million in after-tax profit on Dey’s count.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual chief executive Rob Adams will front investors on Thursday. He navigated the fund manager through several acquisitions, including Pendal.

Perpetual takes ‘embarrassing’ $547m write-down on Pendal funds

The firm, which is in the midst of selling a large part of itself to KKR, disclosed the write-down just four days before it delivers a full-year financial update.

  • Jonathan Shapiro
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Perpetual’s new CEO; Domino’s boss scrambles; Coffee boosts Breville

Read everything that’s happened in the news so far today.

Bernard Reilly is new chief executive of Perpetual.

New Perpetual CEO hired to take ‘legacy into the next phase’

The company has hired the former head of a $300 billion super fund giant, Bernard Reilly, to manage the break-up of the 138-year-old firm.

  • Jonathan Shapiro

July

Eric Gao, founder and CEO of Boman Group is targeting $100m for a new fund.

Rich Chinese investors join $1b hunt for Aussie VC funds

A fund manager for rich Chinese investors is trying to raise $100m for venture capital investments, joining a crowd of operators trying to raise over $1 billion.

  • Yolanda Redrup and Paul Smith
Perpetual chief executive Rob Adams wants to break up the business and focus on funds management.

Perpetual clients pull almost $8b from funds house before KKR sale

Almost 4 per cent of all assets were yanked from the storied asset manager, which is preparing to offload its more successful wealth management division.

  • Updated
  • Kylar Loussikian and Jonathan Shapiro
Perpetual’s credit fund has returned more than 10 per cent to investors in the past year.

Perpetual’s $100m private debt pitch shies away from real estate

The fund manager is beefing up its $450 million listed credit fund, capitalising on a 10.2 per cent 12-month return.

  • Aaron Weinman

June

Michael Ullmer (left), the outgoing chairman of Lendlease, and chief executive Tony Lombardo.

Woolworths, CSL among ASX giants that should sell foreign assets

A wave of Australian companies are ditching their overseas businesses to bring capital back to Australia. MST Marquee says there are more that should do the same.

  • Alex Gluyas

May

Rebecca Hill, head of Morgan Stanley Wealth Management Australia.

Morgan Stanley’s wealth unit dips into Perpetual Private ranks

Street Talk understands Daniel Elias has defected to Morgan Stanley Wealth Management after five years of overseeing a team of Perpetual advisers.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Perpetual chief executive Rob Adams. The company bit off more than it could chew by paying too much for rival funds manager Pendal – and using debt to fund the deal.

Two things can be true in Perpetual’s shock break-up

Perpetual is trying to get shareholders to look strictly at the numbers in a bid to take emotion out of its break-up. KKR’s $2.2 billion of cash can’t hurt.

  • Anthony Macdonald
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Perpetual’s signage being taken down in Sydney. last week

Perpetual’s shrunken shadow casts a pall over public sharemarket

The shrinking of the active fund manager raises more questions about the future of public markets in a world of private alternatives.

  • The AFR View
Perpetual’s Greg Cooper must know who he’s dealing with.

Perpetual’s Greg Cooper knows KKR well

Perpetual’s now deputy-chairman is a distant relative on the KKR family tree.

  • Updated
  • Myriam Robin
The Chanticleer podcast features James Thomson and Anthony Macdonald.

Has Qantas really changed?; Perpetual’s fall from grace; AI’s big energy problem

This week on the Chanticleer podcast, James and Anthony look at Qantas’ $120 million settlement, extract lessons from the demise of funds management giant Perpetual, reveal why everyone is talking about data centres and energy.

Soul Patts’ board’s decision to lob a $3 billion bid for Perpetual accelerated negotiations for this week’s $2.2 billion deal with KKR.

Inside Project Constantine, the plan to sell Perpetual

Soul Patts’ $3 billion offer for the asset manager set the stage for whirlwind negotiations and accelerated a sale that private equity firms had eyed for years.

  • Aaron Weinman
Perpetual chief executive Rob Adams: the company bit off more than it could chew by paying too much for rival funds manager Pendal – and using debt to fund the deal.

There’s a bigger story behind Perpetual’s sad break-up

The break-up of Perpetual is a story of mismanagement, but it also speaks to the structural changes sweeping across Australia’s financial sector.

  • Updated
  • James Thomson

Original URL: https://www.afr.com/company/asx/ppt