Fund manager Perpetual has walked away from acquisitions as small as six professional investors managing less than $1 billion because of differences over price, cultural fit or problems discovered during due diligence, chief executive Rob Adams said.
Perpetual CEO Rob Adams is trying to turn around the company through acquisitions.
. Louie Douvis
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Aaron Patrick is the senior correspondent. He writes about politics and business from the Sydney newsroom. Email Aaron at apatrick@afr.com
