Perennial will establish a “next-generation” sustainable investment business to build on the success of its Better Future Trust.
Perennial Better Future’s investment strategy includes the Better Future Trust and the eInvest Better Future Fund, while also managing ESG initiatives across the group. The boutique is aimed at investors looking to build a more sustainable future by “investing in companies that are helping to solve some of society’s biggest challenges.”
“The world of sustainable investment has made a 180-degree turn in the last 15 years. Today, an investment in a sustainable business contributing to a better future is far more likely to lead to better returns than investing in conventional businesses,” said Perennial executive director Anthony Patterson.
“Perennial Partners has developed a leading-edge capability in sustainable investment and this business has been four years in the making. It launches having proven its investment thesis that benchmark outperformance can be achieved by investing in companies that are contributing to the improvement of society.”
The new boutique will be led by portfolio manager Damian Cottier, ESG and equities analyst Emilie O'Neill, and George Whiting, who will head up retail and institutional business development. Perennial’s broader distribution team and 15 investment analysts will provide additional support.
“We are focused on finding innovative smaller Australian companies. Many of the companies in the portfolio have entered into global markets and have significant growth potential – they are often disruptors in their chosen markets, improving health outcomes, increasing efficiency and reducing costs,” Mr Cottier said.
“We have been pleased to play a role in driving these positive outcomes further by participating in capital raises to support the growth of these companies.”