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.
5 September 2006 00:00
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Investments
The Future Fund delivered a 14.8 per cent one-year return to June 30, 2026, attributing the return to a combination of exposure to commodities, geographic diversification, an increased focus on active management and low exposure to bonds. Newly minted chief investment officer Richard Brandweiner also highlighted strong performance in emerging markets.
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