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Perpetual FUM drop to $28.8 billion

November 17, 2009

AAP

Investment manager Perpetual Ltd says its funds under management were $28.8 billion at October, 31, 2009, down from $29.3 billion at the end of September.

The change included a net outflow of $170 million from an institutional client in cash and quarterly mortgage fund redemptions of $65 million, Perpetual said in a statement on Tuesday.

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