Another Perennial founder, former chief executive and chief investment officer, Ian Macoun, is also starting up a new venture, which will mirror the Perennial model.
Macoun is partnering with a well-known funds manager (to be announced today) who will provide the group with seed capital. Macoun expected the new group of boutiques to cover different investment styles and asset classes with the first two boutiques offering Australian equity capabilities. “I’m a passionate believer in this model,” Macoun said. Macoun left Perennial two and a half years ago and is understood to have made a substantial amount through the sale of his share in the group. Since then he has been looking for a backer to recreate the success of the Perennial model.
05/09/2006
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Investments
Some investors are “missing the point” of geopolitical risks by equating them to the disruptions from conflicts and wars, according to GIC chief economist Prakash Kannan, but in reality, geopolitical risk is no longer episodic or peripheral. This means investors need to think harder about inflation and country composition in their portfolio.
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