Global consulting, outsourcing and investment services provider Mercer has selected Perennial Growth Management to manage its Australian shares sectors, Financial Standard reports. Boutique funds manager Perennial Growth is a subsidiary of Perennial Investment Partners and specializes in Australian equities.
The New York–based firm has awarded Perennial Growth with approximately 37.5 percent of the Australian shares socially responsible mandate weighted to the financials and materials sectors. Perennial will work alongside the current managers BT Investment Management and Perpetual Investment Management to manage the overall portfolio-level risk.
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