Business
‘Weight of money’: Perpetual goes global in $465m US deal – Sydney Morning Herald
Perpetual chief Rob Adams says the $465 million purchase of American fund manager Barrow Hanley is a response to investors’ growing hunger for offshore assets.
Mr Adams said Perpetual was attracted to Barrow Hanley’s investment capability, noting that Australian investors had increasingly been looking to invest in overseas assets over the last two decades and the trend would continue. Against this backdrop, he said the deal would allow Perpetual to offer clients more investment options, while also giving it access to the world’s biggest market in the US.
Its all global. Thats where the weight of money is trending to, allocations are getting bigger and…
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