For the past 10 years, Perpetual has been building up its rather substantial stake in ASX-listed funds management minnow Pacific Current Group.
So it was no surprise at all to see Perpetual's small caps tsar Jack Collopynominate it as one of his top high-yielding small caps in a piece for Livewire earlier this month. Perpetual owns 15.59 per cent of Pacific Current Group, which has worked out well for Perpetual investors as Pacific Current is up 25.3 per cent this calendar year, despite a downgrade on Monday.
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Myriam Robin is a senior writer based in the Melbourne newsroom. She has previously been a Rear Window columnist and editor, and before that reported on financial markets and media. Connect with Myriam on Twitter. Email Myriam at myriam.robin@afr.com
