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
The outgoing chief investment officer of AustralianSuper Mark Delaney said one of the biggest regrets he will have as he leaves the $410 billion fund is not going overweight on the AI and digital thematic in public markets sooner, as the nation’s most powerful allocator reflects on the investment case of the technology sector in the superannuation summit in New York last week.
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