Perpetual Private Head of Investments Research, Kyle Lidbury, said it is an outstanding achievement for the team to receive industry recognition.
“We’re proud to have received this accolade again though most importantly it’s our clients who are the winners. The Perpetual Income Opportunities Fund is a product for the times and continues to deliver its objectives in the current market environment,” he said.
The Perpetual Growth and Income Opportunities Funds were designed for Perpetual Private’s high-net-worth and charitable client base. Developed in 2008, the funds help clients diversify their portfolios and provide strategic investment alternatives. The funds have been strongly supported, with the PPIRT now managing more than $1 billion in alternative strategies with the Growth and Income Opportunities Funds representing $615 million of this amount.
“There are relatively few funds in Australia offering true alternative options to high-net-worth investors, particularly in infrastructure, private equity, unlisted property, private debt, cash and currency and absolute returns," Mr Lidbury said.
“For many investors, multi-strategy funds can offer wider diversification of risk and the chance to generate income returns in market conditions that traditionally have been difficult for income investors.”
Perpetual Private has $14.8 billion in funds under advice as at 30 June 2019.
