Perpetual Investments picks up mandate

Perpetual Investments has picked up a key mandate from the Australian Catholic Superannuation and Retirement fund.

Perpetual has confirmed it has been awarded a $200 million mandate by the fund for its Concentrated Equity Strategy.

Commenting on the mandate, Perpetual Investments general manager, institutional business, Gemma Dooley said she believed it reflected the demand from institutional investors for consistent alpha delivered by an experienced asset management team.

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According to Perpetual, the Concentrated Equity Strategy, managed by Paul Skamvougeras, is a broad capitalisation Australian equities portfolio investing in high quality companies, typically holding a relatively small number of stocks with high conviction, across a range of sectors.

Australian Catholic Superannuation and Retirement Fund chief investment officer, Anne Whittaker said Perpetual's concentrated equity mandate nicely complemented the fund's other three Australian equities managers' mandates."

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