Business
Bitcoin a ‘vapour’: Perpetual boss Rob Adams – The Australian Financial Review
Reddit-driven moments of “madness” on the sharemarket will end in tears, according to active fund manager Perpetual’s chief executive Rob Adams.
I think it will be put down to one of those moments in history, he said. The vast majority of people will lose money.
The comments came as Perpetual revealed it had been whacked by further redemptions and outflows in its Australian business, which specialises in equities trading.
But the accounts show a remarkable transformation for the 134-year-old company, revealing its big pivot to becoming an international ESG equities manager as it pins its hopes on a return to value investing following the…
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