Perpetual Investments has hired Sandi Orleow and Jeremy Rolleston to raise money for a new fund that will invest in multiple asset classes.
Orleow, who left Towers Watson as head of private markets in 2009, will sell the fund by trying to tailor it to a superannuation fund’s investment objectives, says Richard Brandweiner, group executive of Perpetual’s income and multi-sector unit.
Rolleston, who left Goldman Sachs Group Inc.’s investment banking unit in 2009, will sell the new fund as a standalone product, says Brandweiner.
Orleow and Rolleston will report to Warwick Boys, head of institutional sales in Perpetual’s income and multi-sector unit.
Perpetual, which manages $23 billion, has provided $90 million of initial investment in the new fund, the Dynamic Real Return Fund. The fund aims to beat inflation by 5 per cent by investing in equity, debt, commodity and derivative markets.
But in the year to December 2011 the fund’s gain was 3.9 per cent.
Michael Blayney is the fund’s manager. He also manages a $2.5 billion Perpetual fund that invests in stocks, bonds and cash.
Perpetual has also hired Darren Beesley, who was recently a portfolio manager at closed quantitative Australian equities boutique Ankura Capital.
Beesley will oversee a new Australian equities fund that Perpetual will use in the multi-manager product it offers to wealthy retail investors, says Brandweiner. Beesley will begin work at Perpetual in January 2012.
Ankura, owned by BNY Mellon Asset Management, was shut down in November. Ankura will return $1 billion in funds under management to clients by March 31, 2012.