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Nearly $9bn leaves Perpetual
May 05, 2025
|Financial Standard
Nearly $9 billion of investor money exited Perpetual in the March quarter, leaving its total assets under management (AUM) at $221.2 billion.
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The fund manager was hit hard by net outflows of $8.9 billion and negative currency movements of $0.9 billion but marginally offset by market gains of $0.7 billion.
All its affiliates saw AUM shrink between 1-5% in the quarter. Barrow Hanley reported the biggest outflows of $3 billion, with AUM declining 3.7% quarter on quarter to $81.9 billion.
Pendal Asset Management's outflows were $1.7 billion. It ended with $42.5 billion for the period, down 4.9% compared to the December quarter.
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