The IOOF-owned Perennial Investment Partners added to its retail distribution team yesterday with the appointment of Angelo Saltarelli as its representative in Victoria and Tasmania.
Meanwhile Perennial Value Management is on the look-out for a new junior analyst, advertising an entry-level position in John Murray’s team nationally last week. Saltarelli joins the Perennial retail team headed by former Credit Suisse Asset Management head of sales, Brian Thomas, who was hired last November to head the fund manager’s direct entry into the retail market. Thomas said Saltarelli would complete the Perennial sales team and would enable the group “to provide high level service to financial planners across Australia”. In December IOOF bought out the remaining 21 per cent of Perennial for over $68 million, which was partly funded by a $22.5 million loan.
13 March 2007 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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