For super funds and their advisers

Perpetual takes out Zenith top funds award


Perpetual Asset Management Australia won three categories in last Friday’s annual Zenith Partners awards, including the top ‘Fund Manager of the Year’.

In the other major categories, Fidante Partners picked up the ‘Distributor of the Year’ and Eiger Capital the ’Rising Star’ award. ClearBridge Investments effectively received two awards, that for ‘Infrastructure’, while the firm’s managing director and co-founder, Richard Elmslie, received the ‘Industry Contribution Award’.

Richard Elmslie

Perpetual’s other two awards, handed down during a live stream event from Melbourne last Friday (October 15), were for ‘Australian Equities – Alternative Strategies’ and for ‘Multi-Asset – Real Return’.

Rob Adams, the chief executive of Perpetual, said that the last full financial year was exceptional for the firm across all asset sectors. “It’s exciting for us to be coming out of 10 years of growth over value. Despite the headwinds from a style perspective [Perpetual being one of Australia’s oldest value managers] we are now coming through the other side.”

He said: “We really value this recognition highly… And I’d like to congratulate David [Wright, the Zenith chief executive] and the team too.”

The two other finalists for the award were Macquarie Asset Management and Pendal Group, which also picked up awards in two other categories.

Nick Hamilton

Nick Hamilton, the chief executive of Challenger International’s funds management business, Fidante Partners, said that his award as “Distributor of the Year’ recognised the efforts across so many people in the business, from the 15 boutiques themselves, to the research teams, key accounts managers, investment specialists and sales.

David Wright said that distribution was becoming increasingly important in the industry because of the increasing competitiveness of many asset sectors, especially global and Australian equities, the two biggest asset classes from an allocation perspective.

Richard Elmslie, a pioneer of the listed infrastructure asset class through RARE Infrastructure – now a part of the US-based ClearBridge group – said that the motivation in 2003-2004 when the business was launched was to bring the characteristics of the asset class to the mums-and-dads investors for the first time.

“We wanted to provide them with the same stable risk-adjusted return profiles, previously only available to institutional investors,” he said. “It is very satisfying to go out and meet people knowing that you have helped them with their retirement savings.”

The winners in all categories were:

Fund Manager of the Year
Perpetual Asset Management Australia

Distributor of the Year
Fidante Partners

Industry Contribution Award
Richard Elmslie

Rising Star
Eiger Capital

Sustainable and Responsible Investments
Pendal Group

Australian Equities – Large Cap
Bennelong Australian Equity Partners

Australian Equities – Small Cap
Spheria Asset Management

Australian Equities – Alternative Strategies
Perpetual Asset Management Australia

International Equities – Global Small Cap
Fairlight Asset Management

International Equities – Global
Macquarie Asset Management/Arrowstreet Capital

International Equities – Alternative Strategies
PM Capital

International Equities – Emerging Markets & Regional
CC RWC Global Emerging Markets Fund

Multi Asset – Real Return
Perpetual Asset Management Australia

Multi Asset – Diversified

Alternative Strategies
Firetrail Investments

Listed Entities
Metrics Credit Partners

Australian Fixed Interest
Realm Investment House

Global & Diversified Fixed Interest
Macquarie Asset Management

ClearBridge Investments Limited

Real Assets
Charter Hall Group

Global REIT
Quay Global Investors

Cromwell Funds Management

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