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 $80 billion Mercer Super has delivered a fourth consecutive year of double-digit returns to most members of its SmartPath lifecycle product. Global equities did a lot of heavy lifting, but chief investment officer Graeme Miller tells Investment Magazine that the fund is now looking further afield for returns.
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