Perennial Investment Partners is registering Dublin-domiciled versions of its Japanese equity, Asian equity and global listed property securities funds, and wants to launch them by the end of this year.

A Perennial spokesperson said fees were currently being negotiated with an administrator for the funds, which will be run by a new investment company for which a minimum two Irish directors have to be found. The spokesperson said many large European institutions preferred to run even their large mandates through trusts, because of the administrative simplicity, while the Dublin funds would also allow Perennial to accept money from smaller investors for whom a segregated mandate is not feasible. One of Perennial’s six underlying boutiques, Perennial Asia, has just expanded its team from five to six with the appointment of Patrick Lebourdais, previously an analyst at the Singapore office of global equities shop Pioneer Investment Management. Lebourdais will be a senior analyst in Japanese equities, of which Perennial Asia runs $60 million including a mandate for Northern Trust’s fund-of-funds.

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