Sevior’s FUM cut in Perpetual succession planning
Perpetual Investments’ head of Australian equities, John Sevior, surrendered direct responsibility for $2 billion to senior portfolio manager Matt Williams last year, under an internal succession planning program. Perpetual’s chief investment officer, Emilio Gonzalez, dismissed any suggestion that the transfer, which happened mid-year, was a sign the 14-year veteran of the firm was about to … Read more
Toxic waste for sale: managers hunt for the right price
Some institutional investors have begun appointing distressed debt managers, on stand-by as big financial institutions look for buyers of risky debt instruments that have slid in value. But many think there is room for the valuations of these assets to fall further. SIMON MUMME reports. Despite the multi-billion dollar write-offs, stashes of venomous subprime debt … Read more
