Perpetual Investments has been awarded a $300 million mandate by State Super Financial Services to manage part of its enhanced cash portfolio.
Perpetual Investments’ credit and fixed income team, headed by Michael Korber, currently manages $3.3 billion in assets across its range of enhanced cash strategies.
General manager of institutional business at Perpetual Investments Warwick Boys said the mandate served as an acknowledgement of the strength of its team.
He said it confirmed the appetite for enhanced cash offerings within institutional portfolios.
“We are delighted to have been awarded this mandate by State Super Financial Services. It shows our commitment to partnering with institutions to provide tailored solutions which will meet their objectives,” Boys said.