Business

Perpetual

Perpetual's funds under management rise

Listed fund manager Perpetual Ltd says it saw a small increase in its funds under management in the month of February.

Perpetual flawed process impacts 3 banks

Alison Bell Three more banks could face investor concern over flawed mortgage outsourcing deals with Perpetual, creating confusion over who has legal transaction authority.

Perpetual profit rises, outlook cautious

Perpetual

Funds manager Perpetual Ltd has reported a rise in first half profit but says it remains cautious about the immediate outlook due to difficult equity market conditions.

Perpetual H1 profit rises

Funds manager Perpetual has reported a rise in first half profit but says it remains cautious about the immediate outlook due to difficult market conditions.

Perpetual acquires Grosvenor Financial

Wealth manager Perpetual Ltd has acquired financial and tax advisory firm Grosvenor Financial Services for $19.6 million.

Perpetual to treble profit as Exact Cash finds form

Eric Johnston Surging equity markets will drive a near-trebling of profit for high-end fund manager Perpetual.

Perpetual eyes 300% jump in net profit

Funds manager Perpetual Ltd says its first half net profit may more than triple as equity markets stage a recovery.

Perpetual profit may triple, company says

Funds manager Perpetual says its first half net profit may more than triple as equity markets stage a recovery.

Gonzalez to quit Perpetual

Perpetual Ltd group executive of global equities Emilio Gonzalez is stepping down in January to take up a senior position at another asset management firm.

Perpetual sniffs victory in Lehman case

Clancy Yeates About 1000 small investors a step closer to recovering $125 million worth of bonds that have been the subject of a legal battle since the collapse of Lehman Brothers.

Perpetual braces for more court action

Xavier La Canna Fund manager Perpetual says it may face further court action after its opponents moved to appeal a UK court decision that could affect billions of dollars.

Perpetual FUM drop to $28.8 billion

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

Perpetual Trustees to close fund

Perpetual Trustees is closing a $50 million investment fund because of continuing liquidity problems.

Perpetual buys wealth advisory firm

Wealth manager Perpetual has bought an advisory firm for private business owners for $35 million as it seeks to expand its business among the well-heeled.

Perpetual buys private wealth adviser

Wealth manager Perpetual has bought an advisory firm for private business owners for $35 million as it seeks to expand its business among high net worth individuals.

Perpetual buys Melbourne's Fordham Group

Consolidation of the financial planning industry continues, with the $8.8 billion Perpetual group announcing it is taking over a boutique Melbourne company.

Perpetual execs head private wealth unit

Fund manager Perpetual Ltd has appointed two of its executives as acting joint heads of private wealth.

Pace of redemptions slowing at Perpetual

Clancy Yeates Investors in Perpetual’s $1.7 billion mortgage funds who chose to redeem their holdings have so far received 91 cents in the dollar.

Perpetual mortgage fund redemptions slow

Perpetual says redemptions from its mortgage funds have slowed as a rush by investors to move money into government-guaranteed deposits subsided.

Perpetual reaffirms H1 profit guidance

Fund manager Perpetual Ltd has reaffirmed its first half 2010 profit guidance and says net profit after tax will be between $40 million and $50 million.