Vince Peluzzo, a senior member of the Deutsche Asset Management (DeAM) Australian equities large cap team cast adrift during Aberdeen Asset Management’s acquisition of the manager’s Aussie equities and fixed income assets, has resurfaced at another investment manager.
Peluzzo will join Perpetual Investment’s Aussie equities team as a senior analyst on July 2, a spokesman for the funds manager said. “His main focus will be the upper end of the market,” the spokesman said. Peluzzo will report to John Sevior, Perpetual head of Australian equities, and Emilio Gonzales, Perpetual chief investment officer. Aberdeen paid $116 million for the DeAM portfolios, with the expectation that an estimated $11.5 billion in assets under management would be transferred across. It has retained DeAM’s fixed interest team, headed up by Bill Bovingdon, and small caps team, led by Sinclair Currie.
Since taking over the top job at the $44 billion Funds SA more than a year ago, chief executive John Piteo has ushered in an investment function overhaul and wrapped up an important stage of the fund’s five-year data transformation program. It pledges to recentre around investment performance and more efficient processes, as the “missing piece” has been found in incoming CIO Con Michalakis.
Darcy SongJanuary 10, 2025
